The Real Cost of Inequality
No doubt some of the cause of the poor economic numbers lately is due to weather. In my view the bigger cause is an underlying malaise in the vast consumer base that does not work well in an economy based on consumption.
The markets are exhibiting a lot of cross currents at the moment.
1) Measurements of risk are rising.
2) technoloogy is a bright spot.
3) Commodities and gold are having a bounce as investors seek returns.
4. Our S&P trading system is short from last Friday’s close.
More details on analysis as the week moves forward.