"We got the first breadth thrust of 2026 yesterday"

1. Redbook Index. Same-store retail sales rose by YTD high 7.6% YoY for the week ending Apr 4 (6.9% prev).

2. Global Supply Chain Pressure Index. The GSCPI is at a 3-year high.

3. Retail activity. "Our retail cash platform finished last week net selling, the first such week since November 2025 ... retail has moved away from one-way buying behavior."

4. Breadth thrust. "We got the first breadth thrust of 2026 yesterday (at least the first of the many that I track). Is that a good sign? Yes. Is one enough? No. I prefer to see at least 4 over a two-week period. But one is a good start."

5. US vs. RoW. "The PEG ratio between the US and the rest of the world has re-set".

ICYMI