The new normal has morphed from a slow-to-no recovery to a “strong” recovery hampered only by bad weather. When data is bad, it’s “due to bad weather;” when data is good, it’s the recovery… As Google ‘quantifies’ below, bad weather is 83 times more worrisome than good weather is positive…
h/t @Not_Jim_Cramer
However, as none other than JPMorgan explains in this simple chart… “It’s not only about the weather” despite the comforting meme that is for the status quo huggers…
h/t @noalpha_allbeta