Rosenberg Daily Email - Soundbites

• buy-the-dip psychology that has worked so well during this cyclical bull run is fully intact; government bonds are trading defensively; Germany’s inflation rate jumped; commodities are mixed
• Small business confidence ― return to angst? The components of the report were as soft as the headline
• Roll over? It is clear that the U.S. economy has hit some sort of inflection point after that unexpected burst of activity at the end of last year as the ISM indices, the Philly Fed index and the NFIB survey have all rolled over