‘MOMENTUM’ INVESTORS BUY STOCKS EVEN THOUGH GOLD AND BONDS ARE WARNING THEM $SPY $GLD $T $VZ $DUST $NUGT $GDX $SLV $UUD $UUP $QQQ $IWM
Sophisticated investors closely follow economic data. But I’ve noticed that some lesser-experienced investors don’t do the same. They should. Because two important pieces of economic data were just released.
Retail sales
Please click here to see a chart of retail sales. Please note from the chart that as the stock market continues to go higher, retail sales are declining after a prolonged run. This is especially troubling because the economy is near full employment. Typically, as employment gets stronger, retail sales climb. Could this be an early warning signal?
The American economy is 70% based on consumer spending. For this reason, retail sales are very important.… Please click here or the title below to read more.
July 15, 2017