The stock market has been on a tear this week, making new highs while defying negative trending economic news and continued impasse in Washington on vital fiscal policies. The S&P 500 rose 0.4% yesterday to close at a record 1,593.37. It reversed this morning on news that retail sales for March came in well below expectations and that the weakness was broad based.

One of the rituals of autumn is setting back our clocks to return to standard time (2:00 am this Sunday morning).  That extra hour of sleep in the midst of such a busy time is welcome indeed.  Fall, so often, also brings a falling stock market.  The tragedies of September moved that event forward this year.