Mike Cloherty Number Quotations

This is a number you're not supposed to pay attention to in the summer.

That ex-auto number is really what's been pushing the market back today. That could force some more upward revisions to the third quarter GDP forecast.

It's a very volatile component that should come back in the fist quarter. It's a weak report, but it's not quite as God-awful as the headline numbers make it look.