Global stocks, bonds and commodities cheered the better-than-expected economic news, having the S&P 500 passed its sixth advance of the past seven weeks. Investors’ one-year inflation expectation soared. The University of Michigan consumer sentiment survey rose to 86.5, just shy of the 89 forecast, which can offer a bit of comfort till end of the month for the final release. Higher consumer spending, i.e. rising demand, rising inflation and rising earnings all indicate a faster recovery….
