The market loves it when the data’s not really positive

US Stocks rose overnight as manufacturing data came in stronger than expected, overshadowing weak consumer spending. One fund manager, Timothy Ghriskey, the CIO at Solaris Asset Management, summed up the mood perfectly saying “If economic data isn’t negative, but also not really positive, the market loves it. What we saw today leads us to believe the Fed won’t be in a big hurry to be aggressive with raising rates, and that benefits stock prices.” Manufacturing data: (VIEW LINK) Consumer Spending data: (VIEW LINK)

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