I commence with my gratitude to The Creator
Stock Markets have experienced a gap up today, celebrating the earnings, despite the bad US data news.
It made me look at the US Durable Goods Chart (with the help of ycharts).
It is quite interesting to note that US Durable Goods and stock markets trends both directly related to each other. Therefore, it shall be prudent to watch the declining trend in the US Durable Good data. Please see the attached chart. US Durable Goods have been on the decline since Jan 2012. Taking the perspective of percentage decline during last recent 3 month has been more rapid than the percentage gain within last one year. If the same trend continues, then look for the stock markets to languish, too and stock market shall follow the pursuit. Reading below 200B, shall make the markets to nose dive, just like in the past.
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