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Citi’s surprise index has too much lagging economic data, making it an inconsistent investment tool. “X” marks the sort on data that is old-news lagging.
Surprises are important, but more so when it comes from leading economic data. Stay defensive. $XLU $XLP $TLT
The sharp rise in the Citi Economic Index could be another recovery head fake. It’s not being confirmed by Bloomberg’s Leading Indicator Surprise index. When these two series diverge, Citi’s surprise index has pointed investors the wrong way.
Michael Kantrowitz cautions that buying high dividend stocks is no longer an inherently defensive strategy as high dividend payers have become more cyclical, leaving them vulnerable to the business cycle. #stocks #dividends
Andy Laperriere highlights that the top 5 Democratic presidential candidates have proposed an ambitious labor agenda with potentially significant implications for the US economy. $stocks #2020Election #Democrats