Daily Traders Edge

Under-the-radar trend suggests market’s hot streak is just beginning

July 07
11:03 2020

A summer rally may be underway.

Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500.

“This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to the upside.”

His weekly leading index uses proprietary data to predict where the market and economic are heading. It told Achuthan three months ago the economy would bottom around the second quarter.

Continue Reading at CNBC

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