Manufacturing Strength Lifts U.S. Stocks (Bloomberg)
Stronger manufacturing data raised confidence in the global economy, and small-cap shares rebounded, resulting in a positive day for the market. “It’s a grindingly slow, gradualistic uptrend of the U.S. economy,” David Young, founder chief executive officer of Newport Beach, California-based Anfield Capital Management LLC, said. “We absolutely, positively must factor in the vast amount of liquidity looking for an interesting home. As a result, ‘sell in May and go away’ has been proven wrong, because where else are you going to go?”
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