*SCALPSWINGSTRADDLE*

[Zephyr]

Better than expected: Philadelphia Fed's Business Outlook Survey in July jumped 6.1 points to 23.9 for the highest reading since March 2011. New orders were a standout highlight, soaring 17.4 points to 34.2. Shipments were also at 34.2, up 18.7 points. Unfilled orders are piling up, at 9.1 following an 11.5 rise in June.