There are certain topics that I find myself beating the drum on more than others, like Turnaround Tuesday during bear markets, or the Magazine Cover Indicator. When I do that, I risk becoming the “Turnaround Tuesday” guy but hey. Right now I feel like some kind of missionary for the headline data because so many analysts are looking past uniformly strong US data on the surface in an attempt to find danger below the waterline. As Manoj Ramnani put it in a recent note: It’s the Bigfoot Recession. And if you’re at all familiar with US Bigfoot enthusiasts, they are true believers who will find any sort of evidence ... (full story)