US Cap Utilization is at multi-year highs as US data points improve with the spring weather. 

New_York_Stock_Exchange_NYC1What does it mean?  People are underestimating real demand in durables, housing, and the US consumer overall.  Take a look at other data points like Industrial Production (+0.7%) with a huge revision for Feb and US Single Family Starts (+6%) which are the important component of US Housing Starts data out today.

Who needs China (last nights GDP weaker at 7.4%) when the largest economy in the world is priming the pump.sg2014041643803

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