Supply Side Got Ahead of Demand.

Redbook Chain Store Sales (week ended 3/7/2015)

– Store Sales Store year/year +2.6%. Previous was +2.7%.

 

NFIB Small Business Optimism Index (February 2015)

– level  98.0. Previous was 97.9.

 

JOLTS (January 2015)

– Job Openings 4,998,000.  Previous revised from 5,028,000 to 4,877,000

 

Wholesale Trade (January 2015)

– Wholesale Trade +0.3%.  Previous was +0.0%.

This is part of GDP.  Wholesale Sales were down 3.1% and the supply side needs to slow down because it got ahead of demand.