So Goes the Consumer, So Goes the Economy?

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
Nota
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"Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.