Economy may be getting softer: independent financial advice
The economy is slowing down. Gasoline consumption is down 1.6% compared to a year ago. The stock markets breadth (the number of new highs) is slowing. The rapid rise in oil stocks is similar to the tech bubble of 2000 which masked broader weakness in the rest of the market. China is making progress on tightening with a reduction in the rate of growth. The world’s Central Bank’s reserves, except for China, may have been reduced.
In Bloomberg today an article titled “Bond vigilantes ignore next stage of Euro mess” where the article shows how investors may want to sell France’s government debt. If so then this would cause people to invest in U.S. Treasuries.
I have written “Finally the market begins to weaken” and “U.S. equities are 70% overpriced”.
This is an example of independent financial advice.