Although this is just one week's worth of data, the mood in the markets is decidedly down. In cases like this it is often best not to fight the tape and stay on the sidelines which is what we have been doing in the DWCM Fund.
Monday, June 4, 2012
Worst Week Ever for US Economic Indicators?
Bespoke had a good summary of last week's economic data. All of the data was negative with the exception of the Q1 revised GDP and Personal Spending numbers which came in as expected. This is precisely one of the two-headed monster that I noted we are dealing with in our Week 22 Performance post.
Although this is just one week's worth of data, the mood in the markets is decidedly down. In cases like this it is often best not to fight the tape and stay on the sidelines which is what we have been doing in the DWCM Fund.
Although this is just one week's worth of data, the mood in the markets is decidedly down. In cases like this it is often best not to fight the tape and stay on the sidelines which is what we have been doing in the DWCM Fund.
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