Today we discuss the market forecast’s leading indicators. Was yesterday’s selling the beginning of a market turn or a harmless pullback? Momentum has turned sharply downward as a leading indicator, but money flow (a slightly lagging indicator) remains solidly bullish…for now. But we are entering a seasonally weak time of the year for equities.
The cost of industrial “base” metals and wood is rising. For now markets are keeping pace in the intermediate term. But the future cost of “stuff” will be higher based on these trends? If yesterday’s low jobless claims and optimistic purchasing manager survey data doesn’t convince the markets that inflation is sticky, will this?
Share this post