Overall, the ISM reports brought in good but not great news; however they were overshadowed by the poor jobs report of last week. Even though Tuesday was a light calendar day, the non-manufacturing sector’s good news only translated into a slight improvement in market sentiment. More specifically, the good news was that the new orders index of both reports rose 2 points or nearly 2 points to 55.5 and 60.1 for non-manufacturing and manufacturing, respectively. Also, pricing pressures have continued to subside, as discussed below. [More...]