- by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
With half of reports in, Q3 profits for corporations have made a new all-time high. Meanwhile the stock market has made repeated new 3 month lows. The former is a long leading indicator, the latter a short leading indicator, so we shall see which one proves more accurate.
And in case you haven’t noticed at the pump, gas prices have declined to new 6 month lows as well, so maybe that consumer spending spree can continue for awhile.
As usual, clicking over and reading will bring you up to the virtual moment as to the economy, and reward me a tiny little bit for my efforts.