“Davidson” submits:
Household Survey employment reports a May gain of 3.89mil, a sharp rebound from the month prior and Light Weight Vehicle Sales rebounded to 12.2 SAAR(Seasonally Adjusted Annual Rate) in May from an adjusted 8.56mil SAAR in April. The media has called this “terrible” with an “enormous amount of work yet to be done” The equity market responds with a sharp rise as the pace of recovery which was evident in the Apple Mobility data and weekly Initial Claims has been underscored by these monthly reports.
No one rings a bell till well after economic activity has an established trend. Insider buying called the market lows in March.
Nice to see!! Buy stocks!
