Today with Rick Ackerman we chat about the discrepancy between soft data and hard data for US economy and markets. Soft data, such as optimism, continues to be strong but the underlying hard economic data, such as actual production and growth numbers, are lagging behind. This has been the case ever since the election but how long can this last? Everyone is looking for actual tax reform to change this dynamic but Rick has his doubts this will ever get done.
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