Makes all the sense in the world that this would call market tops and recessions … look for a turn down in this indicator to put in a top in the market. When could we expect it to turn down? Most likely by year end or mid 2018.
Notice the mini-spike in the late 1990’s and the major spike in mid-2000’s, both of which were followed by corrections. Now note the mega-spike from 2010 and 2016.
(CNBC) – RV shipments are expected to surge to their highest level ever, according to a forecast from the Recreation Vehicle Industry Association. It would be the industry’s eighth consecutive year of gains.