Just a quick update here on some macro indicators.
The latest trend in jobless claims continues to point to more of the same with a steady trend lower in claims which means marginal improvement in the employment picture. This has been and continues to be one of the best real-time macro indicators we see with regularity.
More of the same in rail trends as well with the 12 week moving average in traffic coming in at 4.3%. That’s down marginally from recent readings, but still solidly positive. Overall, these trends don’t point to big changes in the broader macro trend in the economy….
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.