Will the S&P 500 Communications sector break out from a multi-year channel? An improved trend is much needed! The U.S manufacturing output declined again in February. So far, we are not seeing much improvement for the manufacturing sector in March either. Will the FOMC surprise the markets with its interest rate updates this Wednesday? Something is not adding up with the expected path of the Federal Funds rate. Finally, we share a chart on federal taxes paid vs. federal spending received. What is your state spending?
1. Will the re-constituted Communication Services sector finally see a break-out from a multi-year channel?
Source: Thechartstore.com, as of 3/18/19
2. "Old" support trend lines often become resistance levels on the way back up...
Source: Thechartstore.com, as of 3/18/19
3. Another miss for U.S. manufacturing output. Are we entering a manufacturing recession?
Source: WSJ Daily Shot, as of 3/18/19
4. Are the bond and equity markets in for a big surprise from the FED?
Source: Bloomberg, as of 3/13/19
5. The NY Regional FED report also missed...
Source: WSJ Daily Shot, as of 3/18/19
6. Manufacturing north of the border got a welcome rebound.
Source: WSJ Daily Shot; as of 3/18/19
7. Federal taxes paid (in pink) vs. federal spending received (in green). How does your home state compare?
Source: HowMuch.net, as of 3/18/19
In last week’s blog, we shared charts on recession predictability, global debt, and Eurozone industrial production: a perfect complement to today’s update! Are you surprised by some of these findings? Read more on the BCM Blog.
Disclosure: The charts and info-graphics contained in this blog are typically based on data obtained from 3rd parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are a recommendation to take any action. Individual securities mentioned may be held in client accounts.
