This morning retail sales for March were released with the official number showing sales ripping higher by 9.8% against a forecast of 6.1%.
New unemployment claims fell all the way from 710,000 last week to a stunning 576,000 this week.
The Philly Fed manufacturing report and the Empire State manufacturing report both ripped higher.
Well in an example of of ‘what is up is down’ and ‘what is down is up’ the 10 year treasury has plunged by 10 basis points all the way down to 1.53%.
Oh well–such is life.
As I survey my accounts it is really hard to ‘bitch’—halfway through the month it is another extraordinary month. Conservative issues I own go higher–dividend captures (that turn into quick flips), and new issues are powering me higher–another record close in all accounts. I am sure I am a laggard compared to most readers because of my conservative nature–but any month I can get over a 1% gain means it is Miller time.