piptank
Long

Fundamental split-off #SP500 #SPX #stocks #economy

FX:SPX500   S&P 500 Index
The stock market ignores fundamental data. Some news came out last week which are not good for the us economy.
The US economy grew only at an annual rate of 0.2 percent in the Q1 of 2015. This is very disappointing. In the previous period we had a 2.2% growth of GDP.
No rate hike in the next foreseeable future. In April 2015 the US Factory Activity Growth and US Manufacturing Growth slows down. Last one is the Lowest in 2-Years. I guess we will see a new QE program with new highs in the market, soon.
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