Saturday, November 16, 2019

Weekly Indicators for November 11 - 15 at Seeking Alpha

 - by New Deal democrat

My Weekly Indicators post is up at Seeking Alpha.

Although a few indicators backed off some this week, the overall tone, ex-manufacturing, across all timeframes is positive.

You may be reading a few takes today about the poor nowcasts out of the NY and Atlanta Feds, after yesterday’s face-plant of an industrial production reading. Keep in mind that they are mechanically applying that result and not accounting for the GM strike (which is what I would do if I were in their shoes as well). So take those with a healthy dose of salt for now.

As usual, clicking over and reading rewards me with a couple of pennies for my efforts.