• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Global Growth: Sputter, Stutter, Mutter

By Kurt Osterberg · On April 11, 2018

Global economic growth is sputtering, and it isn’t the weather.

The economic expectations bar is low thanks to repeated downgrades, but the surprise index is falling even faster as noted by the Financial Times.

“Last year it became apparent that global growth was accelerating, but there are now reasons to believe that the acceleration phase is over,” said Larry Hatheway, chief economist at Gam, an asset manager. “It might not be decelerating yet, but markets trade on inflection points.”

Growth Gages Dip 

It’s a bit peculiar to put SKF, a Swedish maker of ball-bearings on a chart with copper and the Dow Jones transportation index, but “Dr. Copper” and the Dow have a different message.

Then again, MarketWatch reports Dow Transports Bounces Back Out of Dow Theory ‘Sell’ Territory, Again.

But how much faith does one want to put on an indicator that has gone into and out of sell territory three times in seven sessions?

I suggest, one of these times the signal is going to break, and break for good. Meanwhile, I question whether a signal based on 20 stocks is all that relevant anymore.

Regardless, here we are.

Complacency Abounds

  • “It’s on my list of things to worry about, but it’s a long list,” Mr. Hatheway at Gam said. “It’s hard to get overly worried about global growth right now.”
  • Robert Buckland, chief global equity strategist at Citi, argues that investors should still “buy the dips”, even if those dips will get bigger as the global economic cycle enters its final stage.
  • Buy the dip? No thanks. Of course, I have said that for years.

    So go ahead, buy the dip, the water’s fine.

    Bears are taunted at every peak, then all the way down before the final panic.

    Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    • Finance

      NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    • Finance

      5 NFTs Trending on Twitter Going Cheap to Invest in Now

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
    • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
    • Hedge Funds In The US Hedge Funds In The US
    • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

    New Posts

    • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

      STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

      June 20, 2022
    • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

      NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

      June 20, 2022
    • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

      5 NFTs Trending on Twitter Going Cheap to Invest in Now

      June 20, 2022
    • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

      Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

      June 20, 2022
    • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

      Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

      June 20, 2022
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018-2021 NJCEE. All Rights Reserved.