If everything is so awesome (which the stock market alone is telling us it is), then why did US construction spending plunge 1.4% in April (worse than the weakest economists' expectations)?
So this is the 3rd worst drop in construction spending in 6 years…
The last time US construction spending plunged like this – global central banks unleashed a coordinated buyiung program to save the world.
This was lower than every one of the 41 estimates and missed expectations by 9 standard deviations…
"probably nothing"
via http://ift.tt/2rf31RL Tyler Durden