I have noted in a few recent posts that much of the economic data being reported is recovering in a "V-shaped" manner. In other words, the economic rebound taking place as states are reopened and businesses get up to speed is occurring at a strong clip. Today's ISM Non-Manufacturing Index report came in at 57.1%, an increase of 11.7 percentage points over May's 45.4% reading. ISM noted this was the largest single-month increase in the index's history going back to 1997. Last week's ISM report on the Purchasing Manager's Index (PMI) jumped into expansion territory