By most accounts the economy is getting better. Indeed below there is a post with two dozen charts showing this. However in the last few days something is going on with the cyclical stocks. It might be related to the surge in oil prices, it simply be a much needed correction or it could be heralding something for the larger economy. In any event whenever the markets provide a signal like this it is worth heeding. In today’s screencast we take a look at recent weakness in a broad range of cyclical stocks.
Items mentioned in the above screencast:
Two dozen bullish charts. (Calafia Beach Pundit)
Cyclical stocks are breaking down. (Crossing Wall Street)
Transportation stocks are breaking down. (Money Game)