[1]What do you do when GDP prints twice as bad as expected... buy stawks! And so it is that -1.0% GDP print for Q1 has been greeted with a buying drive in S&P 500 futures to lift it back near all-time record highs this morning. Gold, silver, and the USD are also rising.. and bond yields are rising very modestly.
S&P is up...
[4]
But the Nasdaq is leading...
[5]
Leaving the S&P 60 points rich to bonds...
[6]
And here's why everyone's bulled up...
[7]
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10414
[3] http://www.zerohedge.com/taxonomy_vtn/term/10969
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_sp.png
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_sp3_0.png
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_sp1.png
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05-overflow/20140529_sp2.png