Industry and Consumer Confidence Trump Bad News on Ecomony

News of a slowdown in the progress of the Domestic Gross Product (GDP) caused the stock market to open with a thud.  Fortunately that was followed by a Chicago Purchasing Manager's Index which reflected a solid improvement over expectations.  Consumer Sentiment also improved.  At the end of the day the Dow closed down 1 point and ending July up almost 7% for the month which was the best month for stocks since June of 2009.