Headline: "Stocks Advance on Improved Economic Reports" What’s that? The reporting has improved? Or the economy has improved?
Although we know the economy will rebound, today’s reports on balance were not "improved," either by the way of reporting skill or economic reality. Housing starts showed a blip but they’re still in the sewer. Claims - tad lower but still high. The key Philly Fed manuf survey tanked.
This is why stocks are higher? Nonsense.
Robert Craven
Although we know the economy will rebound, today’s reports on balance were not "improved," either by the way of reporting skill or economic reality. Housing starts showed a blip but they’re still in the sewer. Claims - tad lower but still high. The key Philly Fed manuf survey tanked.
This is why stocks are higher? Nonsense.
Robert Craven
No comments:
Post a Comment