new recovery highs for most indices
the only econ news seems to say that deflationary pressures are easing:
Cross-border price pressures continue to contract but at a slowing rate in what offers limited good news for the inflation outlook. Import prices fell 0.3 percent in February with export prices down 0.4 percent, both better than expected and showing the least contraction since October. And import prices excluding food & fuels inched 0.1 percent higher for the first positive reading since May last year.
I've always thought this question is fascinating: are low gas prices inflationary or deflationary?
On the one hand, obvuously a lower price for something so important lowers costs. But on the other hand people have more money to spend on other things, so they will push prices up with their demand.