Markets – Macro – Technicals

The Riddle

Who’s up for solving a riddle?

It goes like this:

The gap between soft and hard data is at a record:

Yet the Fed shows a huge jump in economic uncertainty:

What’s the answer to this riddle?

Before you answer, check credit flow:

and perhaps auto sales:

Yet auto loans are at all time highs:

And subprime loans are defaulting at higher rates:

So you tell me how the riddle resolves itself.

I suspect the answer starts with the letter “R”.

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1 Response »

  1. I know the answer. Everything will catch up to the well deserved optimism and SPX will see 2500 soon. It will experience a 2-3% pullback after reaching that price objective. Only Price pays! everything else is noise!

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