JP Morgan and Markit reported today the global maufacturing PMI rose to 51.2 in March, up slightly from 50.9 in February.
The US led the global manufacturing output growth league table in March, and has now seen production rise throughout much of the past four years. The rate of expansion” accelerated in China, while growth was recorded in Japan for the first time in ten months. Europe remained the main drag on the global manufacturing sector, with output declining in both the Eurozone and the UK.
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Global Macro Monitor 
Confusing signals all around us. US stock market on the up. Problems in Europe.Wonder where smart money is going !
Thanks, KS. It’s been a while. They are buying the stable and mature cash flows of U.S. large caps.
And sending the money to Singapore?
03-23-13-Macro Analytics – Market Clearing Event – Charles Hugh Smith – YouTube
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