In the US, we've got the two ISM surveys and the employment data. I've updated my coinciding index for September. Employment data for previous months were revised up, often an indication that the economy is strengthening. Previous months' retail sales data were also revised higher. The chart below suggests that though growth has slowed somewhat, the economy is not entering a "double dip".
The picture for Europe is much less rosy, and a European credit crisis will see the US turn down again. I'm waiting for an effective European policy response before I recommit to the market.
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