Risk appetite is back strongly once more, with all 3 major US stock indexes growing at a pace that we expect based on their historical characteristics. First up we have Nasdaq 100 which has the highest beta (risk sensitivity) gaining a stellar 1.74%, while S&P 500 which has been more bullish than Dow Jones Industrial Average in recent years came in second at 0.70% while DJI who came in last still managed to claim a respectable +0.46%. The reason for the bullishness has been attributed to strong manufacturing data from US. However this explanation is weak as the data wasn't really that bullish. They are certainly ... (full story)