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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (104229)12/22/2022 4:32:18 PM
From: isopatch6 Recommendations

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Confirming evidence of <depression> opinion in prior post. <US Leading Economic Indicators Plunge Most 'Since Lehman'

THURSDAY, DEC 22, 2022 - 10:17 AM

The Conference Board's Leading Economic Indicators (LEI) suffered a significantly worse than expected drop in November, tumbling 1.0% MoM (vs -0.5% exp).

The biggest positive contributor to the leading index was stock prices at 0.21

The biggest negative contributor was building permits at -0.37



Despite this morning's GDP beat, the LEI is showing no signs at all of 'recovering'...



And on a year-over-year basis, the LEI is down 4.42% - its biggest YoY drop since 2008 (Lehman) outside of the COVID lockdown-enforced collapse...



Judging by this, the tightening policies of The Fed are having a 'lagged' effect.>

zerohedge.com

Hope I can log back off & stay off for awhile...)) Time for at least regular hour of daily prayer & meditation. Not for everyone, but works for me. Brings balance to The Force.

Iso
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