We've had hints of it, but signs are growing…
From the Desk of Don Yocham: |
| | | | | | | | | | | | |  A lot of economic data out today:
On the positive side:
Housing sales look like they’ve jumped pretty significantly — a pretty volatile number.
Durable goods orders are hanging in there. Looks like corporations are making investments.
On the negative side:
The job market continues to show weakness.
Manufacturing and services surveys showing significant contraction in the economy.
Which way will it go? … My bet is on the down side.
The yield curve is inverted to the point of 71 basis points — a level it hasn’t been at since 1981.
I think we’re really setting up for the deep part of the recession.
We’ve just had some hints so far this year — but now we're getting more data telling us that we’ll be deep in recession territory next year.Click Here To Watch Today's edition of Don's Daily Brief!For trigger price, target price and stop loss so you know you're playing it exactly right, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈Take What The Markets Give You. | | | | | |
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 A lot of economic data out today:
On the positive side:
Housing sales look like they’ve jumped pretty significantly — a pretty volatile number.
Durable goods orders are hanging in there. Looks like corporations are making investments.
On the negative side:
The job market continues to show weakness.
Manufacturing and services surveys showing significant contraction in the economy.
Which way will it go? … My bet is on the down side.
The yield curve is inverted to the point of 71 basis points — a level it hasn’t been at since 1981.
I think we’re really setting up for the deep part of the recession.
We’ve just had some hints so far this year — but now we're getting more data telling us that we’ll be deep in recession territory next year. Click Here To Watch Today's edition of Don's Daily Brief! For trigger price, target price and stop loss so you know you're playing it exactly right, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈 Take What The Markets Give You. |
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