With only ‘soft’ survey data supporting any hope of proclaiming economic success post-Trump (as ‘hard’ data has tumbled), the cracks in that sentiment are starting to show. Philly Fed’s business outlook tumbled from 33 year highs in March (falling the most since March 2016). Prices Paid surged in March as New Orders stagnated and general business activity tumbled.
Stil positive but the endless post-trump rise is stalling…
Is the animal spirits gap about to be closed yet again… and not the good way?
via http://ift.tt/2m4K3wi Tyler Durden