The Trump boom isn't here yet

Jonathan Ernst/Reuters While stock markets have been banging out record highs and enthusiasm for the economy has been surging, there may be areason for caution before buying into the Trump-fueled economic turnaround. Recent hard data releases, that is data that measures actual economic activity rather than surveys of participants, isn't keeping up with the run up in expectations for economic growth. According to a note from Bespoke Investment Group, personal spending, auto sales, and constructio...