Last week the negative economic news exceeded the positive. Here are the positive news releases:

1. Weekly jobless claims fell 43,000 to 265,000, the lowest since 2000!
2. Personal consumption came in at 4.3% vs 4% expected.
3. Chicago Purchasing Managers Index came in at 59.4 vs the 57.5 expected.
4. University of Michigan consumer confidence came in at 98.1, a hair below expectations but still strong and up from 93.6 in December.

Here are the Negatives:

1. US Q4 real Gross Domestic Product came in at 2.6% annualized vs 3% expected.
2. Durable goods fell 3.4% month over month, below expectations and down from the 2.1% decline in November.
3. Yields keep falling around here and around the globe; 30 year hits lowest yields ever.
4. Dallas fed manufacturing index came in at -4.4 vs 3 expected.
5. Germany, Europe’s largest economy fell 0.3% month over month, the first negative print since 2009.
6. Pending home sales fell 3.7% month over month.