I suggested yesterday that today would be a good day to stay in and read but the sheets of ice out there did not inspire much academic activity.  Instead I vegged in front of the TV watching movies all day. I also failed to find any articles on this Sunday evening that were interesting enough to post so I will limit today's submission to the weekly summation.  The good news is that we've made relatively good progress recovering from the big dip from a week ago.  The bad news is that, except for the stock market, there has been nothing but bad news everywhere else, bad enough that it's been "making most of us want to hide in a cave."  Are there any good caves here in Oakland? 

Succinct Summations of Week’s Events 4.13.18

April 13, 2018 6:00pm by Barry Ritholtz

Succinct Summations for the week ending April 13th, 2018

Positives:

1. Stocks had their best week in a month, gaining 2%
2. Same store sales rose 2.9% y/o/y.
3. Jobless claims fell by 9k w/o/w, down from 242k to 233k.
4. Core CPI rose .2% m/o/m, meeting expectations.
5. Wholesale inventories rose 1% in February, up from prior revised .9% in January.
6. Import prices remained unchanged while export prices rose .3% for March.

Negatives:

1. News flow has been insane, making most of us want to hide in a cave.
2. Mortgage applications fell 1.9%, down a second straight week.
3. NFIB Small Business Optimism Index fell by 2.9 points in March, down from 107.6 to 104.7.
4. Consumer sentiment fell from 101.4 to 97.8, below the 101 expected.
5. Comey book, Libby Pardon, Rosenstein firing only going to ratchet up the noise level.