Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Sunday, November 3, 2013
Just a reminder: this index is a diffusion index -- 50 represents the point at which negative and positive responses are exactly equal, while an index level greater than 50 indicates an expanding economy, one below 50 a contracting one.