Running Hotter

(1) Yellen wanted hotter economy, and so it is. (2) Don’t read the last rites for Old Normal just yet. (3) Economic Surprise Index is surprisingly strong. (4) Our Weekly Leading Index is soaring along with our Boom-Bust Barometer. (5) Our Earned Income Proxy stalled last month at record high. (6) Construction data boost GDPNow forecast. (7) M-PMIs looking mostly solid around the world. (8) Giving Trump’s plans some credit, but giving more to China’s economy. (9) Riding the rails in China. (10) Trump’s corporate tax cut may be less than meets the eye if tax loopholes are terminated. (11) “Manchester by the Sea” (+).