CHART OF THE DAY: #Quad2 → U.S. Durable Goods

Back to these epic non-mid-cycle economic ROC reports:

A) US Durable Goods #accelerated to +52.1% year-over-year growth in APR vs. +36.3% in MAR
B) US Capex #accelerated to +25.3% year-over-year growth in APR vs. +14.4% in MAR
C) SP500 Earnings (488 companies have reported) #accelerated to a new Cycle High of +50.2% y/y growth

In other words, with the SP500 having ramped back to being only -0.7% from her all-time closing high of 4232 (and our 4 Horsies, leading that ramp), Mr. and Mrs. Market have absolutely nailed #Quad2 since we made that call back in November.