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. â??Itâ??s a grindingly slow, gradualistic uptrend of the U.S. economy,â? David Young, founder chief executive officer of Newport Beach, California-based Anfield Capital Management LLC, said. â??We absolutely, positively must factor in the vast amount of liquidity looking for an interesting home. As a result, â??sell in May and go awayâ?? has been proven wrong, because where else are you going to go?â?