Coincident Data Not Playing Nice with the Bears

From - Advisor Perspectives
January 16, 2013 - 1:03pm

Jan 16, 2013 Dwaine van Vuuren  Over the last two months we had Real Retail Sales, Industrial Production, Personal Incomes and Non-Farm payrolls all pushing new expansion highs. The only data not in for December now is Real Incomes. In addition we have noted upward revisions as opposed to the downward revisions promised by the recession-is-here camp. With neither leading nor co-incident data to lean on in support of a recession call, options are getting slim in defense of a recession that is supposedly in its 6th month. Expect heavy reliance on the Co-Lagging (Coincident to lagging) index in support of recession calls.More...

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