Economic Noise – CHART

Regular readers will be familiar with the “Economic Noise Index“, which combines the signal from the economic policy uncertainty index and the economic surprise index to display positive vs negative economic noise. Both signals are standardized using a z-score. Anyway, reason I highlight it is the indicator has rolled over and stayed soft vs the market which is heading higher. All else equal (and this is not a perfect indicator by any means) it points to downside risk. There are a few notable material price corrections through the period shown on the chart where the economic noise index rolled over and the market followed suit shortly thereafter. So while this is just one piece of the puzzle, it’s worth keeping in mind – and sure to feature in tomorrow’s #ChartStorm …

Looking for deeper insights?Try taking a free trial of our institutional research service

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0