Economists can’t explain it other to say that there must be ‘increased optimism’ after POTUS signed the ‘phase one’ trade deal with China. The mainstream business press isn’t even trying, preferring to move it off the front page as quick as possible.
However, the Philly Fed just reported a huge sonic kaboom! in manufacturing over the last month, the second highest reading since the ’08 financial crisis.
The Left thinks its something they don’t want to talk about; CD Media thinks it’s an absolute blowout due to President Trump’s economic policies.
Philadelphia Fed Manufacturing Survey (Feb) printed a massive 36.7 vs consensus estimate of 12.
Continuing Jobless Claims (Feb 7) printed at 1.726M vs estimate of 1.72M.
Initial Jobless Claims (Feb 14) printed at estimate of 210k.
Initial Jobless Claims 4-2eek Average (Feb 14) printed at 209k.