From current Reuters story on this-—
“Global investor sentiment was rocked by U.S. data showing manufacturing activity slowed sharply in January on the back of the biggest drop in new orders in 33 years, while construction spending barely rose.”
That’s the biggest drop in orders in THIRTY THREE years.
But hey, buy the dip/s
The longer an upside move, the longer and deeper a downside move, assuming the market has not corrected. And it has not corrected in years. We are overdue.
And what your post highlights is that the economy has fundamental failings; it is not strong as the talking heads on CNBC claim. They have a vested interest to keep people buying. Listen to them at your own peril.