One chart that shows the weird, vexing mystery of this economy
Posted: Sat Apr 22, 2017 12:38 pm
CNBC - 4/21/2017 - Evelyn Cheng - As the stock market pushes toward fresh records, the biggest debate on Wall Street going on right now is whether to believe the "soft" data or the "hard" data about the economy. The soft data is reflecting confidence in President Trump's economic policy and goosing the stock market, while the hard data, things like actual sales, is struggling. Here is a perfect example of the dichotomy on display right now presented by Liz Ann Sonders, chief investment strategist at Charles Schwab. The Conference Board's "soft" consumer confidence index hit in March its highest since December 2000 . On the other hand, "hard" retail sales fell for a second straight month in March. Read more @ http://www.cnbc.com/2017/04/21/one-char ... onomy.html