It seems like the manufacturing sector is picking up steam. It's a strong number, but there are a couple of caveats -- it was largely driven by auto production and utility production.

If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

If anyone was still expecting a Fed rate cut before, they're certainly going to throw that out the window.

While this is a second-tier economic number, this just shows how robust the housing sector is and that it is strengthening from already strong levels. Bonds have sold off in response to this, as well as the very strong stock opening.

I drive Fords, and I've driven American cars all my life, and I want to have a strong American manufacturing sector, especially in automobiles.

I give Dr. Phil kudos for picking a couple of studs for his corral.