Summary
Investment Climate is moving sideways Data does not indicate a cause for optimism I will continue to be conservative through the end of the year. Introduction
Of the monthly data that I track, 46% are trending negative compared to 62% last month. Of the quarterly data, 67% is trending worse. The chart below shows my Investment Indicator for the average of the Technology and Financial corrections (dark red line) and the current Indicator (light red). The Investment Climate was trending along the same path as it did during the previous two corrections until about April when it started flattening. The Wilshire 5000 (bright red) began increasing as the indicator stopped declining. The Indicator took a breather the second quarter since its year-long decline. I am not convinced that it is improving or will continue it’s decent after the election.
This post was published at FinancialSense on 09/09/2016.
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