Here is a chart of the average monthly percent change in personal expenditures on durable goods:
This series has topped at the beginning of the year and has accompanied the weakness in the stock market. Now, it is at the levels from where it usually turns back up. This will happen during the autumn and will accompany a bigger move up in the stock market. The behavior of this strengthening in the economy and the markets will be very important for the future of the bull.
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