Downtrend shows lower lows and lower highs....NOT reflecting inflationary environment nor much of a recovery....this indicator covers the ships that carry the raw materials to make stuff.
Best stock market rally from a recession,best Sept in 70 years, worst economic recovery.....jobs, wages, consumer sentiment, housing, bank lending, small business confidence......and so on....but this mkt isnt going anywhere folks...it has a FED backstop and the printing press is smokin....
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