SFY - Weighing The Week Ahead: Does Historical Analysis Improve Market Forecasts?
The economic calendar is normal in another week split by a holiday. Many market participants will not show up until Thursday – and perhaps not even then. The ISM reports, manufacturing and non-manufacturing, are both post-holiday. My guess is that the financial media will continue the attention to 2020 outlook ideas. Some reporters will take a look instead at events from the past decade. This raises a good question for our consideration:
Does analyzing history improve our market forecasts?
Last Week Recap
In my last installment of WTWA, I accurately predicted continuing discussion of 2020