"I don't think investors have even begun to appreciate this better economic news," said Don Luskin, chief investment officer at Trend Macro, pointing to better-than-expected new factory orders and auto sales reports released Tuesday.
"We have been conditioned by five years of a crumby recovery to this idea that we're going to have 2 percent growth as the new normal," Luskin said on "Squawk on the Street." "Folks, the age of the 'new normal' is over."
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