Amid Darkening News, Positive Economic Signs

Published Friday, November 18, 2022 at: 8:10 PM EST

The bear market entered its sixth month and conflicting signals of strength and weakness in the economy stood out this past week.  Friday morning’s release of the U.S. Index of Leading Economic Indicators marked this key economic indicator’s eighth straight monthly decline, and Thursday’s housing starts release marked its ninth consecutive monthly decline. These are ominous signs.  However, retail sales, excluding gasoline because its price is so volatile it distorts the picture, shot up +7.9% in the 12 months through the end of October. In October alone, retail sales surged 1.3%, a clear sign of strength. Additional strength was signaled in Thursday’s...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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