Morning Notes – Wednesday September 12, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower from a high of 2895.25 at 4:30 AM Within a trading range between 2886.00 and 2895 since 11:30 AM on Tuesday Odds are for a sideways to an up day; watch for break above 2892.5 and break below 2883.00 for clarity Key economic data due: PPI (-0.1% vs. 0.2% est.)…

Analyzing The U.S. Economy

The US Economy Is Doing Great The US economy is strong and the major indicators gauging its health are trending higher. Fig. 1 shows that the five major economic indicators – Total Nonfarm Payrolls, Industrial Production, Retail Sales, Disposal Personal Income and the Per Capita GDP – indexed to just before the start of 2001 recession are…