Once again, we are seeing off-price apparel stores doing well. This morning Ross Stores reported good earnings, and more importantly gave guidance for the current quarter and the full year above analyst expectations.   Read More

The March jobs report (and the downward revisions in February) was a bit worse than expected, which is a disappointment for stock traders. Let's be clear: stock traders want signs of stability and bottoming in economic statistics. They DO NOT want weak numbers on the theory that the Fed will continue to cut rates. They will gladly trade less rate cuts for an improving economy.    Read More