.4%, with a revised to a 1.3% drop in March. This, against analyst estimates of a flat or small gain in sales.
They’ve been smoking the green shoots, of course.
In a related note, here’s Andy Kessler on the sucker’s rally. If you bought in the last few weeks, sell now. Take your profit and run.
Or not. In this time of magic realism, the Obama team could pull off anything.