U.S. GDP surges in the second quarter confounding market bears

There are always revisions to GDP but this one was a blockbuster. U.S. economic growth in the 2nd Quarter was revised from a modest 2.3 percent to 3.7 percent, an astounding 60 percent increase driven by consumer spending, fixed investments, and exports.

Meanwhile, China caught a break with its Shenzhen market up over three percent overnight.  Global and U.S. markets are ablaze for a second consecutive day confounding the market bears again, says Voya Global.