Not Much Confidence Among Consumers & Analysts

(1) Rebound in S&P 500 to 2900 well ahead of schedule. (2) Forward P/E of 19.7 is a bit rich under the circumstances. (3) A hard road back to “normalized” earnings. (4) Lots of uncertainty on health front, and more bad news on economic and earnings fronts. (5) Due for some consolidation with less volatility. (6) Consumer Optimism Index falls off a cliff, and so do regional business indexes. (7) Industry analysts are adrift with no compass. (8) IMF working on assessing the damage from GVC. (9) Add another trillion to the rescue pot.