Plotting the Road Ahead
Economic data have generally been better than expectations so far in October, bucking what many feared would be a tough couple of months leading up to the presidential election. Most of the strength, however, has come from consumers, not businesses. What does this tell us about the environment going forward?
I've written several times in the past that investment analysts should act more like detectives and less like lawyers. A lawyer chooses a position and then seeks facts that support that position. A detective takes all the evidence and then determines who the most likely suspect is. In that spirit, here is a quick list of economic data released so far in October. It is broken down simply by month-over-month (or quarter-over-quarter) change. In this case, "positive" or "negative" is from the perspective of economic strength, not whether the number itself was positive or negative....400 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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