New Deal Democrats Weekly Indicators for October 13 – 17
– by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
About 90% of the high frequency data comes from non-Federal government sources and so is unaffected by the shutdown. It continues to signal no particular stress. But there is no denying that the loss of the monthly official data series (for things like housing, productioin, and employment) means that to a great extent we are “flying blind.”
Some data:
- The current AI-driven bull market remains resilient despite macro headwinds, leaving economic strategist Hardika Singh shocked at how strong this market is.
- Technology, industrials, and utilities are outperforming, while ETFs like URA (uranium) offer targeted exposure to emerging themes.
- Earnings growth is supporting new market highs, and ‘buy the dip’ strategies are rewarding investors, fueling continued bullish sentiment.
But clicking over and reading will bring you about as close as possible as being up to the virtual moment on the state of the economy, and will reward me ever so slightly for organizing the data for you.
“New Deal democrats Weekly Indicators for September 29 – October 3,” Angry Bear by New Deal democrat