FAST FIVE: Here Comes Another Retail Sales Miss

One month later, when the Wall Street herd scrambled to make up for its clueless January forecast by being overly optimistic, Bank of America again took the contrarian approach, not because it wanted to but because that's what the data showed: spending on BofA branded credit and debit cards tumbled Read more…

FAST FIVE: The Coming 'Build Back Better' World

Friday's Michigan consumer sentiment survey saw the headline rise to 86.4 from 82.9 because expectations jumped from 78.8 to 83.8, while current conditions fell; and 1-year ahead inflation expectations dropped from 4.6% back to 4.0%, and five-year inflation from 3.0% to 2.8%, even as the 'good time to buy a Read more…