Weekly Indicators for August 1 – 5 at In search of Alpha
– by New Deal democrat
My Weekly Indicators submit is up at In search of Alpha.
A number of essential metrics have reversed course previously month. Rates of interest, particularly mortgage charges, have declined (within the case of mortgages, by 1 full % from their peak. As many have identified, fuel costs have fallen by about $1/gallon from their peak as effectively. That’s placing extra money into shoppers’ pockets for different issues. And inventory costs have additionally reversed, nearing a 3 month excessive.
Whereas that doesn’t damaging the message of the lengthy or quick main indicators previously, it actually can change their forecasting which means going ahead. In different phrases, even when we’ve a recession – which seems to be practically sure by now – it *may* be quick and shallow.
As standard, clicking over and studying will deliver you totally updated, and reward me with a penny or two for my efforts.