ISM manufacturing chairman Brad Holcomb after the data • Manufacturing may have found a bottom • This could be a turning point for factories • Inventories are pulling down the index the most • Manufacturing would have been over 50 without the inventory drop • Sees an inflection point in manufacturing • The US economy is in good shape and better than others USDJPY continues to enjoy the better numbers as it hits 113.56. The ISM shows what a wacky market we're in right now. Ordinarily a good PMI number would be good for oil but it's fallen around 50 cents (although that might be more to do with Russia's Novak talking ... (full story)