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Market Shrugged off Disappointing US, Chinese Data, Impressed by German IFO

Wall Street soared despite downside surprise in US data. The S&P 500 index, while adding +0.62% yesterday, has gained +6.31% from the year-to-date low made earlier in the month. The DJIA has also been up +5.65% from the 2014 low made a few weeks ago. Commodities also climbed higher with the front-month contract for WTI crude oil snapped the drops over the past 2 days and added +0.61% while the Brent crude contract gained +0.72% during the day.

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Market Shrugged off Disappointing US, Chinese Data, Impressed by German IFO

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