Zero hedge Uformula of RCS Investments
Bullish News
Manufacturing continues to show strength with very strong Empire/Philly Manufacturing surveys. This sector may jump start the economy.
http://www.marketwatch.com/story/us-march-empire-state-index-229-vs-249-feb-2010-03-15?reflink=MW_news_stmp
http://www.marketwatch.com/story/factories-expand-in-philly-region-for-7th-month-2010-03-18?reflink=MW_news_stmp
http://www.marketwatch.com/story/factories-expand-in-philly-region-for-7th-month-2010-03-18?reflink=MW_news_stmp
Weekly retail sales (Goldman ICSC and Redbook) showed positive readings in a YoY basis and shows that consumer spending has stabilized and even begun to increase.
FOMC pledged to keep rates at ”exceptionally low levels for an extended period”. This has given the green light to continue to take on risk…meanwhile,
…Inflation continues to be subdued, thus we have factors in place to produce a Goldilocks Economic Expansion, easy money leading to increases in asset prices and low inflation.
FedEx sees the economic recovery broadening, while transports lead the rally, despite higher oil prices. The strength would seem to be real.
Equities just don’t stop rallying.
Bearish News
Homebuilding Sentiment takes a leg lower as due home prices. Wasn’t this the cause of the recession in the first place?
Protectionism is heating up as Congress pushes President to confront China regarding Yuan appreciation.
FedEx sees the recovery at risk (which one to believe?..)
How could there not be a housing bubble in China? China must reign in this inflation. Wanna know what happens? See here
