Economic News from Abroad Continues to Worsen

November 13, 2014

In addition to the U.S. economy showing signs of slowing, recent economic statistics from abroad indicate that the pace of economic growth in Brazil, China and Japan will decelerate and that the Eurozone economy will continue to contract through the remainder of this year.


For example, Markit Economics reported on November 3 that manufacturing activity in Brazil declined for the second consecutive month during October. The following day, Brazil’s Institute of Statistics announced that industrial production in that country declined by 2.1% during September ... read more. (More News Below).


11/09/14: Our research indicates that stocks will turn lower during the week ahead.

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Stocks Due for a Substantial Pullback following Weak Employment Report

11/10/14: U.S. stocks moved higher for the third consecutive week during the week ended November 7 after the Institute of Supply Management announced that its survey of purchasing managers indicates that manufacturing activity in the United States increased during October and the U.S. Department of Commerce reported that U.S. auto sales rose last month, as compared to the prior month.


Stocks Due for a Pullback after Rising to Overbought Levels

11/04/14: Stocks continued to rally last week after the U.S. Department of Commerce reported that the U.S. economy grew at a seasonally-adjusted annualized rate of 3.5% during the quarter ended September 30. However, the recent increases in the major U.S. stock market indices stalled on Monday after rising to substantial overbought territory.