But for those who do look at that, they would note that business investment and trade have brought weaker news and while the good news has been on consumption, he says.
Watch for the weaker news channels like MSNBC cracking the code first.
An improvement in consumer confidence has failed to help the dollar while the weaker news has pretty much been baked into the markets, said Lien.
"We have had a steady drumbeat of weak economic news," Mr. Orlando said.
Stocks struggled to a mixed finish on Thursday after weak earnings news from 3M and other companies weighed on the market.
Analysts said the market would probably trend higher in the absence of any weak economic news, but it would need strong earnings and positive forecasts to post large gains.
With Ms. Redstone's blessing, Mr. Salerno, Mr. Bourkoff and Mr. Lerer met at Mr. Lerer's weekend home in Quogue, on Long Island, on Aug. 7, just three days after the weak earnings news.
Bond prices moved higher on the weak economic news and sinking stock market.
The weak economic news lowered the Japanese Yen to 95.27, and dragged the yield on the benchmark 10-year U.S. Treasury note to 3.67%, from 3.71%.
