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Presenting AAPL's Reaction To The Worst Manufacturing Report In 6 years

Ugly data this morning had stock markets leaking lower into and beyond the open, and then Chicago PMI's total and utter collapse hit the tape... and this happened...

 

 

Which explains how after notablke downgrades to GDP, a drop in consumer sentiment, and massive misses for ISM Milwaukee and Chicago PMI - stocks are unch to higher.

 

On a side note, "Most Shorted" stocks are cratering this morning (which probably means more ammo for the ubiquitous Friday close meltup and Nasdaq 5000 run)...

 

 

Charts: Bloomberg