Good chart here showing the correlation between the S&P 500 and durable goods. After yesterday’s 5.2% decline in orders I think it’s safe to say that the market is unlikely to make a major move to the upside any time soon.
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Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.