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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Thursday, April 19, 2012

Show Me Evidence of Improving Economic Conditions

I keep hearing talk of improving economic conditions in the U.S., but Thursday's data shows a decline in Existing Home Sales, Philly Fed Manufacturing, and the CB Leading Index, as shown on the graphs below. Add to these, Monday's data release showing a further decline in the NAHB Housing Market Index, as shown on the graph below.

Show me evidence, other than the unabated rise in the stock markets since last October, that conditions are actually improving. As I mentioned in my post of April 16th, I'll be keeping a close watch on the U.S., European, and Chinese Financials over the next weeks.

Additionally, Thursday's data release shows a decline, once again, in Europe's Consumer Confidence, as shown on the last graph.