The comparison of 2009 and 1930 from their initial crash bottoms has broken down, but the September 2009 and October 2009 comparison remains robust. If it sticks to the model, the market will rebound tomorrow and then fall for the rest of the week. This week's wildcard data point is 3rd quarter advance GDP, out on Thursday.
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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