Signposts of a Recovery – Continued
I wanted to follow-up on my previous post on what technical indicators we utilize in our macro analysis. This edition will provide more fundamental data points we focus on to help provide insights into the overall health of the economy. At this point we would say these insights are pointing to a stabilization of the economic data at best and a slower deterioration of second derivatives as the most likely signal. Here goes in no particular order:
AAII Bullish/Bearish Weekly Index, Insider Transactions, Put/Call Ratio, Bullish Advisers, Investor Intelligence, Rydex Ratio, Mutual Fund Flows, TED Spread/LIBOR vs T-Bills, Investment Grade Spread, …