Many charts out there show we may be looking at the beginning of a downward channel here - with us right now at the top of that channel...
We'll see how it pans out and where we'll be in 2 hours - after the "recalculated" GDP stats come out - it makes me immediately skeptical that a week ago the gov't will use a different methodology - it sounds like the modified methodology we now use to see unemployment and CPI. Math is or should be an unemotional constant and so how can you trust anyone who continually changes the rules...
3.7 + 3.9 - 1.3 = 6.4 historical... For convenience it changed... 4 + 4 - 1 = 7 and now, since the -1 is "not pertinent" we'll just exclude that... 4 + 4 = 8 See how we're growing !! Everything is right on track and working well.
Anyway - back to charts - downward channels - along with LPX, I found a couple of others in the construction / homebuilding arena... USG and CX
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