Animal Spirits Revisited

(1) The disconnect between soft and hard data is gone. (2) Boom ahead? (3) Nirvana scenario could set stage for Meltup scenario. (4) Q1-2018 could test boom hypothesis. (5) Surprise Index makes a not-so-surprising comeback. (6) More buying and less renting of homes. (7) Unemployment rates confirm tight labor market. (8) CEOs remain upbeat, and it shows in capital spending. (9) Transportation indicators are booming. (10) Business surveys are hot. (11) S&P 500 forward earnings making weekly record highs. (12) Are there too many bulls?