From WardsAuto: December U.S. Light-Vehicle Sales Brighten Lackluster Year; Unusually High Drain on Inventory (pay content). Brief excerpt: Improved affordability…
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Oversold Conditions Not Always a Friend
Nearly all of our charts currently show deeply oversold conditions. While this is usually a good thing, in a market…
Continue ReadingReview: Ten Economic Questions for 2024
At the end of each year, I post Ten Economic Questions for the following year (2024). I followed up with a…
Continue ReadingQ4 GDP Tracking: 2.4% to 3.1%
From Goldman: Following this morning’s data, we left our Q4 GDP tracking estimate unchanged at 2.4% (quarter-over-quarter annualized) and our…
Continue ReadingPersonal Income increased 0.3% in November; Spending increased 0.4%
The BEA released the Personal Income and Outlays report for November: Personal income increased $71.1 billion (0.3 percent at a…
Continue ReadingPCE Measure of Shelter Decreases to 4.8% YoY in November
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report…
Continue ReadingThree Big Negatives Overshadow the Uptrends in SPY and QQQ
SPY and QQQ remain in long-term uptrends, but three big negatives are currently hanging over the stock market. Two negatives…
Continue ReadingThe Compound and Friends: Cut Your Losses, Size up Your Winners
Today’s Compound and Friends is brought to you by Global X and Public See here for more information on Global…
Continue ReadingNavigating the Indecisive SPY: What Investors Should Know
When running my StockCharts Technical Rank (SCTR) scan on Thursday, I was a little surprised to find that 75 exchange-traded…
Continue ReadingThree RRGs to Keep You on Track
The Yield Curve The RRG above shows the rotations of the various maturities on the US-Yield Curve. What we see…
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