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I'm going to give you a quick market update today because I want to turn your attention to a breakthrough that will greatly benefit this service going forward.
Stocks started the 2nd quarter probing to new highs. Then at 10am ET the ISM Manufacturing survey disappointed investors with a 51.3 showing versus 54.0 expectations. From that point forward investors quickly snatched some profits out of the market.
I wouldn't sweat that report so much. Why? First, because 51.3 is still expansionary and thus good for the economy. Second, the PMI Manufacturing Index, also released Monday morning, shows an acceleration to 54.6. So ISM could be giving a false read. Lastly, manufacturing is about 1/5th the size of the services component of the US economy. And the services sector is quite healthy.
The key for the next leg of the market will rest on the jobs data later this week. Gladly this is an area showing renewed strength. So keep your eyes on the ADP Report on Wednesday followed by the Government Employment Situation on Friday.
This is my biggest prediction yet for 2013. If you own any of these 13 big-name stocks, I can't warn you enough. These stocks have serious problems lurking under the surface and you must dump them immediately!
I reveal the names in my FREE eye-opening report, available only for a limited time.
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