Where's The Beef?

Yesterday morning, we discussed the muted reaction of the bond YIELD to much stronger than expected Q3 GDP (revised).

This morning, we see YIELD falling on disappointing Jobless Claims, Durable Goods Orders, Personal Income, and Weekly Mortgage Applications.

If we were not being bombarded every day with economists and Wall Street strategists telling us how robust the U.S. economy is, and that it is strengthening within another "Goldilocks" set-up, I would otherwise be thinking that the 5-6 year "growth period" since the depths of the recession in 2009 is nearing exhaustion---NOT ACCELERATION!

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