Several economic indicators seem to be trending down…

Sharing is Caring!

by warrenfgerald

Just looking at economic headlines for the past 24-48 hours….

Mortgage applications… Down.

Existing home sales… Down.

Durable goods orders…. Down.

Consumer confidence…. Down.

Pending Home Sales… Down.

What is up?…

New Home Sales…. Up.

Conference Board Leading Economic Indicator Index…. Up.

Jobless claims…. Down (which is good).

It’s only one day’s worth of headlines, but this doesn’t seem like the kind of data that reflects a booming economy.

www.worldeconomiccalendar.com

Early signs that US economy is starting to slow down. Mortgages applications down 5%. Durable orders down .6%. Pending home sales down .5%, crude inventories down 10 million barrels and oil prices are rising quickly.

READ  Inspiring Stories of People Who Realized You MUST ADAPT to Survive an Economic Collapse

You can also see investors are slowly shifting out of tech and into energy companies and companies that cater to people who are struggling.

twitter.com/Bamabroker/status/1011934863086284801

Bear Market in Stocks, Weak Yuan Show China Problems Piling Up

Here are some other articles about this story:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.