As The National Federation of Independent Business explains, the Small Business Economic Trends report shows that in March, small business owners felt less optimistic about the economy. The index declined by 0.3 points to 92.6, its lowest monthly reading in two years.
Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...
Can mean only one thing...
By EconMatters
Strong Gasoline Demand and another drop in U.S. Oil Production were both positives in the EIA Summary Report. Overall, for this time of year, a pretty healthy Inventory Report as we are still technically in the building season. If imports came in similar to last week`s report and refineries pushed more Gasoline through the system, we would have had a drawdown in Oil Stocks.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Markets have stopped focusing on what central banks are doing and are "positioning for what they believe central banks may or may not do," according to BofA's Athanasios Vamvakidis as he tells FX traders to "prepare to fight the central banks," as the market reaction to central bank policies this year reflects transition to a new regime, in which investors start speculating which central bank will have to give up easing policies first.
The market has started testing the central banks