S&P2000 as US assets power (members)

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US markets bulled up again last night on Goldilocks data. The S&P500 surpassed 200o points for the first time and bonds were bid strongly as well, continuing the very unusual US cross-asset class uber-bull.

The proximate cause, beyond three trends being one’s friend, was another night of just right data. New home sales were soft (charts from Calculated Risk):

NHSJuly2014

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.