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Economic Hopes a Step Ahead of Reality

An 'outrageously bullish' ISM number isn't backed up by durable goods and consumption data, says Morningstar's Bob Johnson.

Jeremy Glaser: From Morningstar, I'm Jeremy Glaser. As the stock market continues to hit new highs, and there is lot of excitement about the future of the economy, Bob Johnson says we are not seeing it in the real-world data yet.

Bob, thanks for joining me.