The consumer is alive and well. In fact the consensus for consumer sales was for a paltry 0.6% and it came in at 1.1% with prior revisions being moved up rather than down leaving even Rick Santelli somewhat speechless with nothing to complain over in the details. This proving once again that all the fear mongering about allowing temporary tax breaks to expire and dreaded sequestration cuts would kill the consumer were an outright fallacy. If used to influence votes in Congress and you'd think at some point those men and women would learn how to play the game.
In fact this release could prove to be a game changer from a chartist point of view if the trend continues higher. While some may remain nonbelievers, we have Easter purchasing as well as Spring dead ahead which can do nothing but boost spending further. Bring it!