- Instors switch back out of the safe-havens and into more pro-cyclical paper in the wee hours of the morning - equity markets are up anywhere from 1% to 2% across the planet
- the bond bull market is intact
- Canadian GDP - nice headline, shame about the details: The Canadian economy zoomed along at a 3.9% annual rate in Q1; however, the problem is that 80% of that growth came from inventories
- It’s a gas (not!): The good news is that gasoline prices have stopped going up…for now; the bad news is that the damage has already been done
Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich