I'm looking at this chart, and both the "C" and "S" charts are telling me there is EITHER a floor right here, --- OR --- that they are about to really, really take a beating.
I will be watching closely what happens today.
On the minus side- indicators I've seen lately-
1. Auto production/Sales- Both GM and Ford have been reporting significantly lower sales numbers. GM in fact stopped reporting monthly on sale, and now is only reporting quarterly- which they just showed auto sales down 11% year over year. That is significant to me- and a leading indicator of an economy starting to suffer.
Ford announces thousands of layoffs. (24,000) tHAT IS BIG NEWS.
2. China trade woes- the first round of wide-spread tariffs are now kicking in, and starting to show up. This affects places like Wal-Mart and the cheapo Dollar Stores and will knock a hole in sale volume. T
he 10% tariffs just kicked in, and it's already affecting stuff. Just wait until those 25% tariffs kick in- that will be a gut -punch. Only time will tell if the plan to boot tariffs up works to open up other nations- it's not working so far. We'll see.
3. CLimbing interest rates. Good for those who want to buy an annuity.
Bad for businesses and consumers that need to borrow money- it just got more expensive to do so.
On the positive side- employment picture is still good, although the report last Friday wasn't quite as healthy as expected. We need a couple of months to see if the trend has shifted or not.
Good luck.