Stocks Soar, Shrug Off China Chunder; Seth Klarman Warns “I’d Be Worried”

Weakness in the Empire Fed Manufacturing survey this morning came on the heels of ugly China GDP data overnight (along with really ugly property investment, youth unemployment, and retail sales), prompted bond yields and commodities to drop overnight, but on a quiet-ish day (volume-wise), the day session saw things end quite differently. Stocks just won’t […] Source