Positive manufacturing data from
China and strong US economic reports have stocks in a rally mode this
morning. US auto sales were strong again
last month. Gold is up moderately and
oil is up slightly. The US reading on
PMI, a key measure of industrial activity, did not quite meet analyst
expectations but was very solid. Stocks
are hovering at record levels. The
markets seem to be recovering some momentum after a couple of weeks in the
doldrums.
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