Weekly Tracking Report: Why Aren't Stocks Higher?

Our data continue to show the economy rolling forward at its core real growth pace of 2.5% with nothing to change our expectations for the rest of 2014 – 2.5% real growth. Consumption is picking up, especially for things other than home improvement and furnishing, and service sector activity is growing apace as well based on weekday hotel room rates. Home buying activity is running below last year but given the recent drop in yields and sustained increases in employment sales should pick up in...