Doing All Right. Maybe.

The marquee gauge of US factory activity missed estimates in data released Monday, but underlying indexes of new orders and input prices perhaps took the edge off what might've otherwise been a disconcerting development. In truth, I doubt anyone much cared. It was July 3. History strongly suggested the next day would be July 4. That meant the number of people watching for the June ISM print was diminished materially. At 46, the headline matched the lowest estimate from 59 economists. The range