Weather will play havoc with market data over the next few weeks. Next month’s NFP report is expected to bring a few surprises after Feb.’s unexpected snow dump along the Easter sea board. This morning’s German Business confidence headline, itself, could not escape the ‘weather’. German confidence unexpectedly fell for the first time in 11-months in Jan., as the coldest winter in 14-years damped retail sales and construction (95.2 vs. 95.8). Despite its stronger underlying fundamentals, technically the German recovery is suspended until the winter is over.