Sweet & Sour

(1) Yin & yang: China’s exports not that strong, and US retail sales not that weak. (2) Chinese holiday distorts new year data. (3) On a three-month basis, Chinese exports are weaker, while US retail sales are stronger. (4) Springtime for S&P 500 Health Care? (5) Can’t raise prices, invert, or relieve pain. (6) The upside in the downside is more attractive valuations for healthy growers. (7) Chauncey Gardner’s forecast: “In the spring, there will be green shoots.”