Food for Thought
If economists would get away from the coasts from time to time, they might find news that surprises them.
Ticker Sense finds that strategists have grown increasingly bearish during the latest market rally, and speculates that this is the typical “wall of worry” that bull markets climb.
The Stalwart confronts the elephant in the room: Buy siders rely on price targets too.
Macroblog points to the possibility that the inflation picture wasn’t quite as rosy as it looked.
Economist’s view looks at the long-term relationship between industrial production and GDP, with last week’s IP reading indicating potential strength in GDP (though IP is more volatile.)
Lies, Damn Lies and Statistics points to a study suggesting that smartphone sales will double this year.
DigiTimes has several recent stories on the LCD panel market. Higher than normal inventory and faster than normal price declines look to make 2Q a tough one. The falling prices are making TV makers choosy about placing orders, which creates a vicious cycle. But this isn’t keeping the manufacturers from going on a hiring binge. Perhaps it is because the long-term demand outlook is still favorable.
The Big Picture highlights commentary in Barron’s noting that the recent rally has ridden on the back of declining share volume, generally considered a bearish sign.
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