Lacklustre Data Amidst Strong Equity Markets

Joe Quinlan Managing Director and Chief Market Strategist US Trust-Bank of America Private Wealth Management in New York, discusses February consumer purchases data, employment supporting spending, the lack of wage growth and the puzzling dichotomy between 'pro' investors view on stocks versus retailers.
Of Japan, quinlan discusses inflation flat and household spending down vis-a-vis its three arrow strategy, Japan's demographic and the USDJPY cross.
Of China, he talks about the strong YTD gains on the Shanghai Composite and Shenzhen Composite and whether they are in bubble territory.