Gavekal Capital: Boom-Bust Barometer Not Keeping Pace With S&P 500

Monday, September 15, 2014

Boom-Bust Barometer Not Keeping Pace With S&P 500

The Boom-Bust Barometer (CRB raw industrial index divided by jobless claims) made a high on July 16th. It has subsequently fallen to two month lows as the S&P 500 began to rally in mid-August. If the US dollar continues to rally, this may hold back commodity prices and thus, hold back the Boom-Bust Barometer.

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