ISM Non-Manufacturing Blows Expectations in July

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The ISM Non-Manufacturing report for the month of July reached 58.1 – well beyond expectations and deep into the expansionary territory. It represents a milestone for the American economic recovery, and the focus now shifts to other reports to confirm this is not just an isolated event. 
The stock market celebrated the news – the Dow Jones traded with a bid tone and closed well above the 27,000 level. Investors keep buying equities despite over…

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