– by New Deal democrat
My “Weekly Indicators” publish is up at In search of Alpha.
Each the lengthy main and quick main indicators have weakened previously two weeks. The previous is because of the quick finish of the Treasury yield curve re-inverted. The latter is due partially to continued weak point in new jobless claims, however primarily to commodities weakening, and the flip aspect of that coin, a significant strengthening of the US$. Right here’s a graph of the US$:
As you possibly can see, it made new all-time highs this week in opposition to different currencies (blue, proper scale). It has surged YoY by nicely over 5% (pink, left scale), one of many strongest strikes previously 20 years.
When the US$ will increase sharply like that, imports get cheaper and exports undergo. This negatively impacts GDP. Trump beginning new commerce wars clearly received’t precisely assist that scenario.
As ordinary, clicking over and studying will deliver you as much as the digital second as to the state of the economic system, and reward me with some lunch cash.
“New Deal democrats “Weekly Indicators” for December 16 – 20,” Indignant Bear by New Deal democrat
