* Friday 13th was not unlucky for Wall Street
* S&P 500 traded to an all-time record high
* The Dow closed above 18,000
* NASDAQ at almost a 15-year high
* Despite overall trend of weak corporate earnings
* Weak economic data does not dampen Wall Street's spirits
* Central Banks are behind the surge with excess liquidity
* Wednesday - Mortgage Applications plunged 9%
* Purchases declined 7% following a 2% decline prior week
* 10% decline in Mortgage Refinances
* Jobless claims up 25,000 from prior week
* Biggest back-to-back decline in Retail Sales since October of 2009
* Consumer Confidence is down 2 weeks in a row
* Business Inventories rose by just .1% contrary to expectations
* Inventory to sales ratio highest since July 2009
* Huge drop in Consumer Sentiment
* Jobs number is a lagging indicator
* Part-time economy is a double-edged swordOur Sponsors:* Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy
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Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast. The podcast focuses on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets. As entertaining as he is informative, Peter packs decades of brilliant insight into every news item. Join the thousands of fans who have benefited from Peter's commitment to getting the real story out to the world.