This is called divergence, and not in a good way. Equities rallying on poor earnings? https://t.co/jIM3tQet7p

Germany's GDP in a way not unexpectedly declined last quarter. Regardless of historic Q4 strength, the Eurozone has been under severe stress with the energy crunch (thank god for a warmer than usual winter). https://t.co/A8uoafENmQ

The market seems to be seeing through the Fed a little bit. Market expectations have the Fed Funds rate below FOMC Dot Plot. https://t.co/U7Nj0cG4Ry

Can you even imagine if we had this opportunity today? 15% for 30 years. Investors would pull the rug out in the equity market and go right into the bond market..... You would think. EXCEPT in the early 1980's, investors shunned that. Truly amazing.

https://t.co/OWsGUdKVM0

From Wolf Street. Shows why housing (as a whole), has not plunged. While Existing Home Sales & Single Family Starts got beat up last year, multifamily construction and units had a great year. Another reason why we haven't seen major construction layoffs.

https://t.co/t848MzJEG5