09/25/2021 Weekend Update
Posted: Fri Sep 24, 2021 4:59 pm
Up 1 week, the next week has 76% chances to make a higher high so more up.
[Mark Hulbert]
“Citigroup Economic Surprise Index (CESI) has been negative for two months now, following an unbroken positive stretch for more than a year. The CESI measures the extent to which the latest economic news deviates from the Wall Street consensus. The past two months of consistently negative CESI readings therefore mean that the economic news, on balance, has been worse than expected.
[Hulbert’s summary after analyzing CESI data back to 2003] : “Notice that the S&P 500’s average return is virtually the same regardless of whether the CESI is positive or negative, trending upward or downward.
https://www.marketwatch.com/story/marke ... 1632447577