The chart of the week is courtesy Mike Shedlock via SafeHaven and looks at real Gross Domestic Income (GDI) in the US. Every time GDI has turned negative we have had pretty significant slowdowns or recessions. The GDI has just entered negative territory indicating another major slowdown is just around the corner:
Significant Breakdown Ends Bull Run
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Once $SPX broke down through the important 5050 support level, bearishness
has emerged from several areas. Oversold conditions are beginning to appear
alre...
10 minutes ago