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Cory’s Chart Corner
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Maybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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Category Archives: Main Page
Consumer collapse in motion
Add leverage and stir has been the recipe for economic expansion at all costs; thus, the seeds of a credit implosion have been planted (again). We reap what we sow, and so it goes. In this episode of The Weekly … Continue reading
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DDB: Economic cracks are widening
Worthwhile macro update in this segment. Danielle DiMartino Booth, former Fed insider and CEO of QI Research, warns that the US economy is deteriorating rapidly with rising unemployment and corporate bankruptcies despite stock markets reaching new highs. Here is a … Continue reading
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Economic hits keep coming
While Washington deflects attention with yet another government shutdown standoff, US economic data deteriorated further in September; see US Consumer Confidence Falls to Five-Month Low on Job Concerns. The latest published U.S. Consumer Confidence (Conference Board) index came in at … Continue reading
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