Good Is Bad - That Is All

It's been quite a morning. Beats across the board at the macro headline level. Housing (prices and sales), check; Durable Goods, check; Confidence, check; Richmond Fed, check. So why are stocks not surging?



The problem is that bad is also not good anymore (as we noted yesterday).

Though, of course, it's early yet - and it is a Tuesday...

Please bear in mind the implicit message from the Fed:


Charts: Bloomberg


No comments yet! Be the first to add yours.