STOCK MARKET WATCH -- Monday, 11 March 2013

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25. DAVID WOO: The Economy Will Get 'Decisively Slower' And There's Already One Worrisome Sign

http://www.businessinsider.com/david-woo-economy-in-march-will-be-decisively-slower-2013-3



We thought this was interesting, because back in early February, BofA strategist for FX and rates David Woo said that the U.S. economy was about to see the "moment of truth." At the time he reckoned that the data over the coming weeks would show whether the U.S. recovery would survive or not.

So we asked Woo what he thought of the latest good data that has the market and folks like Goldman Sachs so excited.
He remains skeptical.

Via email he writes:

The Feb data have been impressive but I still think March data will be decisively slower. The Rasmussen daily consumer confidence is down nearly 10 points from mid-Feb and the impact of the sequester will start to show up in the next 2-3 weeks (CBO is forecasting 750K job looses this year from sequester implementation).


Read more: http://www.businessinsider.com/david-woo-economy-in-march-will-be-decisively-slower-2013-3#ixzz2NEFacgP1