Archive for September 16th, 2010

Leading Economic Indicators Continue to Suggest Return to Contraction is Likely

| September 16, 2010

Many leading economic indicators continue to suggest that a return to contraction is likely during the next two quarters. The following graph from Hussman Funds compares a weighted average composed of the ECRI Weekly Leading Indicator and the Philadelphia Federal Reserve diffusion index to the ISM Purchasing Managers Index (PMI). The weighted average has forecast […]

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Philly Fed Index Increases But Remains Negative

| September 16, 2010

The Philadelphia Federal Reserve reported that its manufacturing diffusion index increased to -0.7 in September from -7.7 in August. “The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from a reading of -7.7 in August to -0.7 in September. The index, which has been negative for two consecutive months, suggests […]

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Short-term Forecast for September 16, 2010

| September 16, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed near unchanged today, holding at recent highs of the short-term uptrend from […]

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