13 days ago • Posted by Paul de La Baume
Are we headed for #recession ? not so fast. $SPY $QQQ #trading #investing
The US economy still holding on, despite a surge in delinquency rates and a decline in savings. Or at least, that is what the Citigroup US Economic Surprise Index is telling us. In other words, economic data is coming in stronger than expected. The economy is not decelerating as fast as many expected and earnings are also in better shape.