Identifying which way the macro wind is blowing isn’t getting easier. So far this month, the government has published five key economic reports and each one has delivered sharply divergent results relative to the consensus
Beware The Surge In Economic Noise
Summary
- So far this month, the government has published five key economic reports and each one has delivered sharply divergent results relative to the consensus forecasts.
- The uncommonly big string of misses for expectations vs. results is fueling increasingly stark forecasts in some corners.
- The good news is that the broad macro trend still looks favorable.
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.
Visit: The Capital Spectator (www.capitalspectator.com)