Dis-May-Day – Bonds Down, Dollar Down, Oil Down, Gold Down, Economy Down… Stocks Up

China data weakens, Puerto Rico defaults, Japan falls, crude drops, another E&P company defaults, failed M&A deal, US macro data dumps… and stocks surge…
US equities went up today… because why not…just a little too uniformly post-EU Close…

Thanks to a brief USDJPY momentum igntion as Construction Spending, and ISM and PMI all missed expectations…

This post was published at Zero Hedge on 05/02/2016.