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…
But the Nasdaq is leading…
Leaving the S&P 60 points rich to bonds…
And here’s why everyone’s bulled up…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1nZnjnU Tyler Durden