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Published on: Thursday, April 30, 2009

Despite a 6.1% contraction of America’s GDP — on an annualised basis — US stock markets rose by over 2%! Why? Well, firstly consumer spending rose by 2.2%. Secondly, inventories fell and these worsen the contraction number and usually bring along more production in the next quarter. And thirdly company reports have generally come in better than expected. 


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