Doug Short's picture

The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) came in at -2.6 in today's public release of the data through March 9th. This is the eighth consecutive week of improvement (less negative) data for the Growth Index and the highest level (i.e., least negative) since August 19th of last year.

Danielle Park's picture

Here is a stat to ponder: the Canadian housing market has appreciated 44% since 2006, while the US housing market has declined 32% on average over the same time period.

Jim Willie's picture

Scattered diverse and almost uniformly unfavorable and dangerous events are unfolding, as the global economy and financial structure undergoes the equivalent of endless earthquakes and bombardment of solar emissions.

Chris Ciovacco's picture

With polar opposite forces of money printing (inflationary) and defaults bouncing around the heads of investors, it is not surprising to see schizophrenic inflation expectations. When Treasury Inflation Protected Securities (TIPS) are moving sideways, it is indicative of an uncertain outlook for inflation.

Dwaine van Vuuren's picture

As of February 2012, the 3-month SuperIndex is reporting a probability of recession around 5.3% while the Headwinds index is reporting zero percent probability of recession in 6-10 months’ time. However you can see from the Headwinds chart that economic headwinds are in a rising trend.

John Evan Miller's picture

The new year has witnessed a resurgence of sorts in the housing market – at least in some areas that have had price increases and decreases in foreclosure rates. But overall, 2012 is beginning to look more like a return of the foreclosure market of 2010 –with a vengeance.

Sheraz Mian's picture

This morning’s favorable news flow should help stocks sustain the positive momentum from Wednesday. Greece’s private sector bond swap, whose uncertain fate had gripped the markets in recent days, appears to be attracting enough participation to make the deal binding on all bondholders.

Trendsman's picture

With Gold’s failure at $1800, it should be obvious that the market is in a protracted consolidation. In early January, Gold had bottomed and had the luxury of very strong support nearby. We believed Gold would be range bound, but because it was emerging from support, it would have an upward bias. With Gold’s failure at $18

Justin Smyth's picture

As we go through the first significant pullback in the market for 2012, the dollar seems to be at a turning point that should influence market trends for the next few months.  Going all the way back to 2002, there has been a strong inverse correlation between stocks and commodities, and the U.S. dollar.

Frank Holmes's picture

With so much talk about Apple recently, it's important to remember the resources which have built the Cupertino Empire. After Apple reached $500 billion in market capitalization, it was inducted into a very elite club of businesses that have reached this size.