The US economy continued to expand in July but at a rate that’s “below its historical trend,” according to today’s update of The Chicago Fed National Activity Index. “The index’s three-month moving average, CFNAI-MA3, increased to –0.15 in July from –0.24 in June, marking its fifth consecutive reading below zero,” the bank advised in a press release. The modest improvement (slightly better than my econometric projection) puts CFNAI-MA3 at the highest level since February.
Daily Archives: August 20, 2013
Asset Allocation & Rebalancing Review | 20 August 2013
The Book of Matthew foresees that the last will be first, and the first will be last. Investors will recognize the prophecy as the restless rotation in the realm of asset classes—a concept that even the blind can see in this year’s market’s action.