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Category Archives: Summary Market Indicator Score
Borrowing costs in Italy and Spain continue to be reliable barometers for the status of the European Debt Crisis. If Italy and Spain lose access to the credit markets, the house of cards would finally come tumbling down. As I … Continue reading
Economic releases were mixed in the US last week, but the overall trend is decidedly bearish. The ISM Index value dropped to 49.7, well below the consensus expectation of 52.5 and almost four points below last month’s reading of 53.5. … Continue reading
Economic releases were mixed last week. Building permits came in stronger than expected, but are still at anemic levels. Leading indicators were up 0.3% last month, which was also stronger than expected. Unfortunately, the ECRI weekly leading indicator (WLI) declined … Continue reading
The US economic news continued to deteriorate last week, but the market was focused exclusively on the Greek vote and failed to acknowledge the latest economic developments. The following post provides an overview of the major economic releases from last … Continue reading