DURABLE GOODS VS THE S&P 500

Good chart here showing the correlation between the S&P 500 and durable goods.  After yesterday’s 5.2% decline in orders I think it’s safe to say that the market is unlikely to make a major move to the upside any time soon.

[singlepic id=57 w=320 h=240 float=]

Click for larger image

Please follow and like us:

About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

See author's posts