This is not what the market is hoping for...
As RBC's Charlie McElligott notes: The soft-to-hard data transition is going the wrong way...
Jan 10th Snapshot...
Feb 10th Snapshot...
Survey and confidence-type “soft data” continues to mean-revert lower after massive start to year post-Trump joy... while the negative surprises in “hard data” grow.
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Source: MichaelPRamirez.com
By EconMatters
We look at exorbitant P/E Ratios across the stock market where I literally can pull any stock up and find an insane p/e ratio right now, and secondly the economic data doesn`t justify a 65 basis points effective fed funds rate. Yes we are in the biggest stock market bubble of all time Janet Yellen!
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Source: Townhall.com
The online encyclopedia Wikipedia, will no longer use stories published by the Daily Mail as a source, citation, or proof of notability. Wikipedia editors have decided that the Daily Mail is too “unreliable” because of “poor fact checking, sensationalism and flat-out fabrication.” Sputnik reports: The Daily Mail in London, edited by Paul Dacre, and its online publication, MailOnline is “generally unreliable, and its use as a reference is to be generally prohibited, especially when other more reliable sources exist,” according to a summary discussion posted by Wikipedia.