Back to Crosscurrents

by Laura Ehrenberg-Chesler on January 7, 2010

in Economic Indicators,Employment,Investment Strategies,Residential Real Estate

A good friend and smart businessman called me this afternoon and said “why was the market up so much yesterday, and today it seems so lackluster?”  The answer is Crosscurrents.

Back in September of 2009, I posted a blog on the conflicting economic data we had been receiving.  The same holds true for today.  The employment numbers improved for the month of December, but the pending home sales numbers disappointed on 1/5/2010.  Ford reported great sales figures for December, but GM disappointed.

There is renewed concern about the weakness of the dollar, higher interest rates, and what the employment number will look like on Friday.  All of this conflicting data is creating “crosscurrents” for the equity markets, so for the time being, we will be in a wait and see mode.

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