Amped-Up Consumer = Amped-Up Market!

One of the news headlines above notes the optimism that can be taken from yesterday’s worse-than-expected headline report on US Q1 GDP. Enough said, but I’ll keep going anyway ...

Besides the worse-than-expected decline in first quarter GDP, yesterday revealed personal consumption expenditures jumped far more than had been expected in the first three months of the year. Red Bull gives you wings; and consumer spending gives the market wings.