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Sunday, 01/21/2018 7:59:25 AM

Sunday, January 21, 2018 7:59:25 AM

Post# of 4668
ECRI Growth Rate Pop

https://www.businesscycle.com/ecri-news-events/news-details/economic-cycle-research-ecri-lakshman-achuthan-business-cycle-u-s-weekly-leading-index-rises-2/6

The growth rate pop favors spring assets (JNK/PST) and the fall asset LQD. The question is which way is inflation headed...higher favors the spring assets lower LQD.

The market is answering the questions by driving PST higher and taking down LQD. The increase in growth is bad news for GLD, but the dollars slide has investors putting a premium on rising inflation expectations overshadowing the increase in growth.

On balance however between PST and GLD the economics support PST.

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