Are investors overlooking the US' improving economics?

So far in 2016, we have seen increased volatility and falling equity markets, but are investors ignoring the progress in the US as a result?

While these developments are not new, they increase the risk of global deflation at a time when the Federal Reserve expects inflation in the US to eventually return to 2%. Given the strength of the dollar and the collapse in oil prices, the Institute of Supply Management's manufacturing purchasing managers' index which indicates the manufacturing sector is contracting. Overwhelmed by market volatility, investors have overlooked improving economic conditions in both Europe and the US. Despite US manufacturing weakness, it is important to note manufacturing jobs account for only 8.6%...