Not So Glitchy

The latest dismal economic news — which the market is ignoring in favor of unsubstantiated rumors of an imminent trade deal with China — is real personal spending which dropped 0.6% in December to a 10-year low.  So much for Mr. Kudlow’s retail sales “glitch.”

Futures, of course, are much more interested in the latest VIX decline and USDJPY rally.  continued for members


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