Time for my semi-annual pet peeve post. One shift does not equal a “trend.” You need multiple, subsequent movements of something in the same direction for it to be a trend.
In other words, multiple model cycles in a row, not 1.
I think conservative is the way to go for the time being, and that's the way I continue to go in my public forecast. Way too many variables and too much uncertainty to be too whipped up into a frenzy at this juncture.
I think some areas could get a slushy dusting or so....... but it's threading the needle. I went into it in detail in my video today.
I'm just excited we have something already.