Good Is Bad & Bad Is Good With The Recession Data

<p>"The PCE number has incorporated yesterday's GDP data. Is good bad again? The VIX is below 20 and the S&amp;P 500 Index or SPX is above 4,000. Does this mean that investors do not see a recession? The labor market is persistently strong. The message from the Federal Reserve continues to be hawkish, yet the stock market goes up and volatility goes down. This loosens financial conditions," says Larry Shover.</p>