This Market Loves Bad News
By Louis Navellier The market’s mantra in May seems to be “Bad News is Good News,” since it takes bad news to send the markets up. Specifically, it took a plunge in consumer confidence over food and energy costs, slowing job growth and decelerating wage gains, plus slower ISM manufacturing and service numbers (under 50, signaling a contraction) to push 10-year Treasury yields below 4.5%
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