Technical Review

A.I. – Nothing Else Matters

There was economic data released last week and most of it was softer. Unemployment Claims and Continuing Claims increased more than expected. Durable Goods orders for January fell - 6.1%, have declined in 3 of past 4 months, and New Orders dropped by -7.3% excluding defense. Consumer Confidence as measured by the Conference Board fell by -7% in February after rising in the 3 prior months. The ISM Manufacturing Index declined from 49.1 in December to 47.8 in January as New Orders fell to 49.2 from 52.5 in December....

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