Replies to post #735 on ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Another source is Haver Economics. Another window for watching storm clouds gather. I scan the 'ECONOMY IN BRIEF' column on the left hand side of the home page.

http://www.haver.com/

Here is todays mention of the Germany/European economy -

http://www.haver.com/comment/comment.html?c=190705B.html

I added the bold and underline in the below pull quote.

European trends more broadly
European trends for IP show little strength and tend much more to struggle. That message is reinforced by the manufacturing PMIs. EMU-wide retail sales are down by modest amounts for two months running. The U.K. shows a series of weakening measures, ranging from dropping productivity to reduced recruitment in the labor market to falling home prices and to a fourth monthly drop in auto production. In Asia, Japan posts a 6.5-year low in its leading economic indicators, but household income still managed to jump. The oil market still cannot get out of its own way; it is so concerned about the outlook that even with plan to cut output oil prices remain weak. Trends in Europe and globally continue to show weakness punctuated with only an occasional contrary bright spot or two. The steady drum beat to weak growth remains in gear.

Past comments/articles can be found here -

http://www.haver.com/comment/archive.html

GLTY

[No-Quarter]

July manufacturing PMI numbers came out yesterday. The numbers decline in Germany and the US continues. At some point, this will impact Wall Street.

A number above 50 is a growing number of manufacturing jobs (hiring), and a number below 50 is a shrinking number of manufacturing jobs (lay offs).

Germany -


United States -


https://www.reuters.com/article/us-germany-economy-pmi-idUSKCN1UJ0RU

https://www.washingtonpost.com/business/2019/07/25/us-manufacturing-is-technical-recession-how-worried-should-we-be/?utm_term=.e2d14328da15