WEEKY MARKET DIGEST: INCREASE IN PERSONAL SPENDING 400% OF PERSONAL INCOME INCREASE
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
INCREASE IN PERSONAL SPENDING 400% OF PERSONAL INCOME INCREASE
March 30, 2012
February personal spending came at 0.8% and personal income came at 0.2%. In the short-term, in a consumer driven economy like the U.S., increase in personal spending is great for the stock market. However, in the long run, without commensurate increase in personal income, personal spending will fall off. This is a red flag. If personal spending increase continues to far exceed personal income increase, our models will start taking a dimmer view of the market.… Please click here or the title below to read more.
March 31, 2012