Economic Data Weakening Here and There

Uncategorized, Weekly Update

Economic Data Weakening Here and There


Published June 7, 2019

timingcube_cartoon060719

After struggling for the month of May, this week the Nasdaq 100 (QQQ) accelerated its momentum downward and took a decidedly bearish turn. The stock market trades on perceptions for the future health of the economy and corporate earnings. Those perceptions have been skewed negative by the battles in trade. However, the stock market is beginning to get more and more data suggesting that weakness ahead is more than just a result of a change in perception. (more…)