How about this for mixed signals: Both a manufacturing recession and the next bull market may have just started. Living longer by getting your hands dirty.
U.S. Manufacturing has probably entered recession (Reuters)
The housing market is already in recession and now it looks as if manufacturing is following suit. Will this be enough to tip the rest of the economy into recession later this year? The majority of economists think so but it will most likely take a rise in unemployment. About 2/3rds of the economy is driven by consumer spending and unless people are worried about losing their jobs, they will keep buying.
Staying Classy: Market Breadth, Buying Thrusts, and Brian Fantana (Carson Group)
Recession fears notwithstanding, by one measurement, the stock market may be entering it’s next bull phase. The metric in question is a breadth thrust. This is when there is a sustained period when more stocks are going up than down.
The world’s longest-living people share this hobby—why studies say it can help add years to your life – (CNBC)
Does spending 1 day a year running the rototiller and then letting my wife and daughter take care of it the rest of the summer count? If so, I’m good.
I believe the market is going to fluctuate.J.P. Morgan