With a big secular move underway out of commodities, into the dollar and back into US equities from overseas stocks, US manufacturing data may not have quite the punch that it normally does today. The market seems to be looking 3-6 months down the road at the moment toward the time when the Fed can begin taking back its emergency liquidity provision and the ECB can begin to ease. ISM may have less lasting impact today as a result. 50 is the consenus forecast.