Tag Archives: LEI

The Economic Bifurcation May Be Converging

The high for the S&P in the first half of 2010 was about 1220 toward the end of April. Comparatively, in the first hallf of this year, the S&P hasn’t printed below 1249, yet Gallup’s Economic Confidence index is near its low for the year—and lower than it was at any point in H1 2010. The consumer is weak; corporations are relatively healthy. However, they are not mutually exclusive events. At some point, that gap will have to be closed. It will not be over the course of one summer, but over the next quarter or so, you should expect individual economic situation to factor in to equity market returns. Continue reading

Posted in Analysis, Investment, Portfolio Strategy | Tagged , , , | Leave a comment