US Equity and Economic Review: The Post-Election Rally Fades

       This was a very light news week for the United States.  Most importantly, the Census’ retail sales figures increased .6% M/M and 4.1% Y/Y.  The comparable ex-auto numbers were 3.4%.  The following graph shows both numbers meaningfully increasing in the 2H16:      The BLS released the latest JOLTs data.  On a percentage rate basis, the quits level has reached the highs achieved in the preceding expansion, indicating increasing confidence in the job market.  The hires level is also very high, but could increase a bit more to attain previously registered levels:      Finally, the University of Michigan’s…

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US Equity and Economic Review: The Post-Election Rally Fades