The Philadelphia Fed’s manufacturing gauge rose to 9.0 for March, a strong reversal from last month’s negative 6.3. A strong quarter from Lennar Homes and positive comments about new orders for the spring also encouraged buyers to enter the picture. Ben Willis from Albert Fried says the U.S. market was ‘the cleanest shirt in the closet.’ He believes the U.S. economy is leading the rest of the world in a recovery from the global financial crisis.
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