Weekly Indicators: the wobbles turn more neutral edition

Commodity prices as measured by industrial metals bottomed last November. ECRI subsequently turned up as well, enough so that both turned positive. In the last month, however, metals have been negative for all but one week. Stock prices S&P 500 Up +0.4% w/w Stock prices became a positive having made new all-time highs in summer. Regional Fed New Orders Indexes (*indicates report this week) *Empire State up +1.9 to -5.6 *Philly up +14.9 to +16.3 Richmond up +13 to -7 Kansas City up +19 to +12 Dallas down -8.2 to -2.9 Month over month rolling average: up +3 to +2…

Source: XE news feed
Weekly Indicators: the wobbles turn more neutral edition