Stocks are shrugging off a troubling trend
|05/15/2017||Posted by BusinessMediaguide.Com under General World News||
- The S&P 500 is on pace for another record close, even with a US economic surprise index at the lowest level in a year.
- Investors are choosing to focus on earnings growth for US corporations, which is the best in six years.
- Morgan Stanley has optimistic forecasts for upcoming GDP data, citing better consumer spending conditions.
If stock investors are worried about economic data that’s recently missed expectations, they certainly aren’t showing it.
While the S&P 500 is on pace to close at another record high, Citigroup’s US Economic Surprise Index sits at the lowest in a year. The gauge has been in negative read more >>>