In this issue:

• US REITs surged in a mixed week for global markets
• Portfolio strategy benchmarks rebounded this week

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Would you know an oversold or overbought market if you saw one? Wall Street is obsessed with the question. And so is every trader, and perhaps more than a few investors who otherwise think they have a long-term horizon.

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* Biden warns of ‘responses’ if N. Korea’s missile tests continue
* Fed’s Powell: economy recovering faster than expected
* Two prominent economists worry about inflation. The Fed disagrees
* China announces sanctions on UK re: charges of human rights abuses in Xinjiang
* Suez Canal may be blocked for weeks, disrupting global trade
* US consumer spending expected to fall in today’s report for February
* CBO overestimated rise in yields in past years. Is it right this time?
* US Q4 GDP growth revised slightly higher to 4.3%
* US jobless claims last week fell to lowest since pandemic’s start: