- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
There have been a number of reversals since April, most notably the stock market going from a 12 month low to a new all-time high, but also the front-running by consumers apparent in the weekly Redbook report has also reversed, from over 7% YoY to 4.5%, one of the lowest readings of the past 12 months.
Whether this is more than just a temporary reversals will likely play out over the next two months.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and bring me a little lunch money.
