As I suspected, we got no follow-through last week.  But we did get some “strong” data to get the bears excited.  Considering the Employment Report, Retail Sales and PPI were all firmer than expected, we need to put the “double dip” scenario in the background, for now.  Here are my takeaways from the past week: The LMCI was strangely disappointing. The underlying Employment Report seemed fairly strong, but I assume the index was punished for the uptick in the UR. JOLTS was unbelievably I’m not one of those people who are always pooh-poohing the data.  But the labor force increases…

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