An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, March 27, 2009
Retail stocks suggest worst is over for consumer spending
The S&P Retail SPDR has definitely turn up. It's a leading indicator and portends better retail sales numbers in the coming months. This is good news for the economy and the markets overall.
this analysis just proves again that the overhyped bull market was just as overhyped as a bear market.
ReplyDeleteeveryone should have been buying in increments starting last December according to the chart.