Seven Charts For Bullish Investors To Ignore

Wall Street still exudes widespread optimism that 2017 will provide another year of solid gains for stocks amid stable albeit unspectacular economic growth and only gentle interest rate rises. However, as The FT details, all is not well in reality, and the following seven charts will hearten investors of a more bearish persuasion…
After climbing to its highest in 3 years earlier in 2017, Citi’s Economic Surprise index – which gauges how well data come in better than expected – has sagged badly lately. In fact, this week saw the biggest drop in US Macro data in 6 years (after poor readings on job creation, inflation, housing starts and car sales)…

This post was published at Zero Hedge on Apr 23, 2017.