Stocks Extend Winning Streak To Longest In 4 Years Despite Deluge Of Dismal Data

Productivity plunges… Retail Sales disappoints… Consumer’s Confidence in their finances lowest since 2014… Weak China data… global bond yields at record lows… US yield curve back near cycle flats… US and Global GDP expectations at cycle lows… BUT best week in oil in 4 months… simultaneous record highs in S&P, Dow, Nasdaq for first time since Dec 31 1999…

This post was published at Zero Hedge on Aug 12, 2016.