Week Ahead - Feb 24-28

All madness, no method

I hope everyone is having a nice weekend. If you have followed me long enough, you know I aim to analyze the macro environment without biases and go where the data takes me. I have been outspokenly optimistic about the Trump economic policies instilling animal spirits into the economy, and not just in markets as we have had the last few years. The subtitle to this week’s note is based on the general view that there is a method to Trump’s madness. Recent weeks have challenged that, although it is early and there is plenty of time to course correct.

This will be another data light week, with regional PMIs Monday, Case Schiller and Consumer Confidence Tuesday, New Home Sales Wednesday, Durable Goods/GDP/Pending Home sales Thursday, and PCE/Personal Income/Spending Friday.