Uncle Ben can jawbone all he wants, but the fed is done, dollar is going higher, which will hurt commodities. Inflation in energy and food doesn't equal growth in economy that is growing barely 2%. Consumer stocks are finally starting to underperform and will continue to do so. This market is out of gas and the volume is pathetic. CLF will see $20 before it sees $30 again. But shorts are terrified in stocks like CLF, AKS, BTU, X, WLT..... sure they are. All down huge and going lower from here.
Love it when people read data the wrong way. China PMI is welcome since they were stepping in to slow things down last week. Now they will hit the accelerator again. Look for Iron ore to hit new multi year highs next 15-30 days.