Week is Strong

Personal income rose 1.1%, consumer spending jumped a robust 0.7%, the Fed’s preferred inflation gauge rose just 1.3% over the past year, consumer confidence increased, GDP for Q4 was revised up by 0.3% and house prices rose 8% year-on-year! But, unemployment claims were a bit higher, house sales fell a tad and savings remains painfully low. Q1 GDP comes in at or above 2.5%! Sequester, what sequester?

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