I hope to roll out the real time M3 signals within the next couple weeks to make capturing these midday reversals much more transparent.
Actionable Risk Opportunities, Tactical Musings and Timing Indicators for Investors
Wednesday, June 11, 2014
World Bank Speaks...6.11.14
My friends over at the World Bank must have been feeling sorry for me and the conflicted M3 signals so they cut their outlook for he global economy, now projecting 2.8% growth in lieu of the previous forecast of 3.2%. US growth projections were also dropped from 2.8 to 2.1 %. Since the markets are typically looking 6 months ahead it's not clear that this announcement actually precipitated today's drop but M3 went to cash at the open as XIV dropped like a stone and the previous short term ALERT was validated.
I hope to roll out the real time M3 signals within the next couple weeks to make capturing these midday reversals much more transparent.
I hope to roll out the real time M3 signals within the next couple weeks to make capturing these midday reversals much more transparent.
