The S&P 500 jumped another 2% this week, mainly on Wednesday and Friday when reports showed job markets that were much stronger than anticipated. The auto industry has also been bursting at the seams, with both the manufacturing and services purchasing managers' reports stronger than anticipated. The construction industry also showed signs of life, producing a positive year-over-year growth rate for the third month in a row, and the strongest single-month growth rate since the crash of 2008. Even inflation-adjusted consumer incomes made a big move up after months of lethargy. Better purchasing manager numbers out of Europe this week seem to suggest that maybe--just maybe--the U.S. and developing economies may... read mores.
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