Bulls Look To Stay In Command As Q2 Dawns
After a banner Q1 for risk assets, the second quarter was poised for a constructive start amid decent data out of China and the notion, true or not, that a favorable read on the Fed's preferred price gauge published late last week should be sufficient to dispel inflation concerns tied to a pair of CPI overshoots.
In China, private sector PMI figures appeared to confirm the message from official, government data released over the weekend.
The Caixin manufacturing gauge printed 51.1 for March in
portfolio hedge, inflation hedge and shiny – what’s not to like 🙂