Hello, Subscribers!
Yesterday, in its print edition, The Wall Street Journal ran a front-page article under the following headline (the online version ran on Saturday):
The catalyst for this optimism has been an improvement in some of the survey, or soft, data. Ironically, when it was plunging most Wall Street strategists dismissed this as much less significant than the hard data. (Profuse thanks to the ever-sharp Gerard Minack for the below visual.)