The market is slipping once again after an early rally attempt – that is not unusual.  Ironically, good is the main reason for uneasiness in stocks. 

• Import prices +2.6% month over month (most since April 2011) and +12.5% year over year
• Export prices +18.8%

But the biggest news was consumer sentiment, which came in significantly above consensus, rebounding to 65.7 from 59.0, which was an eleven-year low.

A lot of this is tied directly to a drop in gasoline prices.  It’s really important because consumers have to continue to spend even as the Fed is trying to dissuade them.  Look at expectations – that is one of the biggest jumps I’ve ever seen, and its encouraging, even if the market thinks good news is bad news right now.

Consumer Sentiment 

Bond Yields are skyrocketing again and that’s pressuring growth stocks.

Have to step back and see how the market fares into the close.  

The markets are closed for Good Friday tomorrow.  Have a great holiday, Happy Easter and Happy Passover.  Pray for peace and for the Ukrainians.