Two weeks ago a cluster of the infamous Hindenburg Omen was forming. Since then stocks have suffered their biggest drop in 3 months…
However, the Hindenberg Omen is not exactly flawless and has false-alerted a number of times in the last few years.
Which is why, John Hussman has adapted the signals and is now warning of a very significant convergence of the ‘Hindenberg Omen.
On Tuesday November 14, the number of NYSE stocks setting new 52-week lows surged above the number of stocks setting new highs, with both figures representing more than 3% of total issues traded. This “leadership reversal” joins the deterioration in our own measures of market internals last week, as well as ongoing dispersion in market breadth and participation. highs, with both figures representing more than 3% of total issues traded. As noted this couples a “Hindenburg” with a “Titanic,” and it is actually the first time since July 2007 that we’ve seen this particular combination of internal deterioration’ with the ‘Titanic Syndrome’…
Is the American Dream real or make believe? Millennials say it’s all make believe.
The Pew Research survey, conducted in August, found that 36 percent of respondents feel that their family has achieved the American dream, while 46 percent feel they’re “on their way” to achieving it.
Forty percent said being wealthy is not an important part of attaining the “American dream,” 49 percent said wealth is important and 11 percent said it’s essential.
– German gold demand surges from 17 ton-a-year to a 100 ton-plus per year
– €6.8 Bln spent on German gold investment products in 2016, more per person than India and China
– Germans turned to gold during financial crises and ongoing euro debasement
– Evidence of latent retail demand on increased economic concerns
The industries that dominate the list aren’t surprising. Home health aides, statisticians, solar-panel installers and software developers reflect the needs of an aging population, aan a shift to clean energy and employer demand for science, technology and math talent.
Solar photovoltaic installers – America’s fastest growing field – are earning a median annual wage of $39,240 in 2016 – is projected to more than double from 2016 to 2026, according to data from the Labor Department’s biennial employment projections.
Spending on autos lead the way followed by the catch-all category “Other non-Durable Goods” which saw a $10.3 billion increase in spending to $1.067 billion, followed by that traditional staple “Healthcare” which added another $7.6 billion.
Going down the list, we then get Furnishings, Food & Beverages, Other Durable Goods, Financial Services and Insurance, Food Services and Accommodations, Recreation Services and so on. Not surprisingly, after boosting growth earlier in the year, Recreational Goods and Vehicles was modestly lower in the third quarter.
The full breakdown is below…