The Paradox of Progressivism

(1) Will consumers continue to lead the bull market? (2) Fluky employment report. (3) Earned Income Proxy remains on solid uptrend. (4) Progressives want more income redistribution. (5) Measuring incomes before and after entitlements. (6) Consumer Discretionary stocks aren’t cheap, but should benefit from more discretionary spending. (7) Tempering tapering after December jobs report. (8) Will Europe continue to outperform? (9) “The Wolf of Wall Street” (+ +).