Superb Statistics

Last week we learned March retail sales jumped 9.8% M-o-M, their best showing since 5/20 and second best showing ever. In addition, consumer confidence hit its highest level since the pandemic began, while first-time claims for unemployment hit their lowest by far. Additionally, housing starts jumped to a seasonally adjusted annualized rate of 1.739 million units, their best showing since 1.802 in 6/06. 21Q1 GDP growth, minimally 6.5%. Awesome!