- Most of the market “data” everyone obsesses about is just noise, especially when it comes to economic data. We just finished another quarter during which a lot of things were supposedly newsworthy but somehow produced almost nothing in the way of major market movements.
- The current economic environment remains the same - falling growth and rising dollar - although the falling growth part of that may need updating soon.
- The 10-year Treasury yields provide us with information about the market’s growth and inflation expectations. What it tells us right now is that growth expectations have fallen somewhat over the last 6 months but may be starting to rise again.
- The dollar has been trending higher recently, but viewed in perspective, it isn’t all that significant. A rising dollar, by itself, is not a bad thing. It is a rapidly rising dollar in the face of slowing growth (particularly when near recession) that causes big problems for investors.
For further details see:
Weekly Market Pulse: Zooming Out