My two most favorite indicators (RSI+MACD; not too crazy) just broke their monthly trends.
I think consumption data should be followed more closely in the next quarter to provide us with reassurance that the consumer remains strong.
Watch unemployment to remain contained, sentiment remain broadly positive - Umich, NFIB smallbus, OECD CEO - and that Homebuilder data continues this recent acceleration and wasn't just a one-off very strong month for NAHB, permits, & starts.
- RH
I think consumption data should be followed more closely in the next quarter to provide us with reassurance that the consumer remains strong.
Watch unemployment to remain contained, sentiment remain broadly positive - Umich, NFIB smallbus, OECD CEO - and that Homebuilder data continues this recent acceleration and wasn't just a one-off very strong month for NAHB, permits, & starts.
- RH
Note
There's an old quote that goes something like, "You can often find out what's happening in the economy by looking what's happening in the charts"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.