The Off-the-Charts Economy

(1) Relief checks fuel retail buying spree. (2) GDPNow tracking at 8.3% for Q1. (3) Lots of record highs in major retail sales categories. (4) Gasoline usage almost fully recovered. (5) Housing-related retail sales booming. (6) Business sales are bullish for S&P 500 revenues. (7) Lean inventories set stage for even more economic strength in coming months. (8) NY and Philly business survey are on fire. (9) Tug of war in the bond market: Shoguns vs Vigilantes. (10) The Fed’s talking heads can’t stop talking. (11) More backward-looking forward guidance. (12) Movie review: “The Courier” (+ +).