Last week, good news coming from economic reports far outweighed bad news. Here is a bullet point listing of the good news:

• Average gasoline prices fell to $2.60, the lowest levels since 2009, as Crude Oil continues to crash.
• S. retail sales rose 0.6% month over month, better then he 0.5% expected rise.
• Consumer confidence came in at 93.88, which was the biggest beat relative to expectations since December 2013.
• Initial jobless claims came in at 294k, down 3k from last week and a touch lower than expected.
• Mortgage Bankers Association refinancing applications rose 13.2% week over week.

On the negative side, Producer prices fell 0.2%, bigger than the 0.1% expected decline.