Unfortunately, this doesn't go in reverse:
"It's an old age home, so just keep lowering expectations"
"The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus."
MW: Fastest Wage Growth Since 2008
Let's see, wages rising the fastest since Lehman and consumer spending lowest in five years. Third grade logic is beyond the grasp of today's Idiocracy.
And, the punchline:
ZH: Rate Hike Odds Just Increased
"While the long-term economic outlook is increasingly murky, today's data which saw a beat in GDP and the highest employment cost index since 2008, has convinced traders of one thing: a June rate hike is coming"
In other words, banks have completed their end-of-cycle retracement, so now they can catch down to recession stocks:
Having decimated the entire retail sector, Amazon is now raising prices.
What all monopolists do.