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Formerly TwitterLiz Ann Sonders
LizAnnSonders
March @KansasCityFed Manufacturing Index slipped to -7 vs. -4 est. & -4 in prior month … new orders deteriorated to -17, prices paid rose to +17, and production fell to -9 … average workweek reversed back into contraction and employment remained in contraction pic.twitter.com/xYtiJEAhed
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Liz Ann Sonders
LizAnnSonders
Hefty revision for March @UMich Consumer Sentiment Index, up to 79.4 vs. initial 76.5 … expectations component revised up to 77.4 from 74.6 pic.twitter.com/7qLlvQVws1
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Ryan Detrick, CMT
RyanDetrick
Something people forget is it took more than two years for the Dow to go from 36k to 37k.
Yes, the % are smaller the higher you go, but now that things are moving higher again (after a LONG time without moving higher) it shouldn't be surprising to see new milestones quickly. pic.twitter.com/rJAkyP91bb
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Ryan Detrick, CMT
RyanDetrick
Small caps are outperforming by a wide margin again today and breaking out to new 52-wk highs.
Remember when they told us they were only going higher due to rate cuts?
Historically cheap valuations, improving confidence, and strong EPS/revenue expectations (thanks to a healthy… pic.twitter.com/iCZhuIpnge
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