SP500 making new all time highs with weakening global economy

Greece and Ukraine are capturing news headlines while smaller news point to continuing global economic slowdown. First, the US growth barometer is still showing weakness despite a small bounce in oil prices:

This weakness is confirmed by ECRI weekly leading index:

The weakness in materials also shows in inflation which is at levels only seen in recessions:

Baltic Dry Index that measures the cost of bulk shipping is at historic lows:

Despite this backdrop, SP500 is making new highs. For time being, stocks have decoupled real economy and main news moving the market are related to FED interest rates.