Have We Seen The Peak In Housing And Autos?

Have We Seen The Peak In Housing And Autos?

Via today’s market update with Chris Puplava:

Referencing the chart above, Puplava states:

Odey’s Brook Fund Posted A Commanding Q3 Return On Long And Short Sides [EXCLUSIVE]

Eurekahedge Hedge Fund Index invest Value InvestingOdey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More

“We’re seeing more signs that we are closer to the end than the beginning. Two early-cycle indicators to look at for predicting economic turns are housing and autos. If you look at auto production, it has clearly peaked for this cycle and we are seeing some signs of a possible peak in housing as well. If that’s true, those are two very cyclical areas of the economy that have a lot of knock-on effects in terms of jobs, production, and manufacturing. If those continue to retrench and other areas of the economy begin to sputter as well, we could be looking at a market top in 2018.

For further background, see the following:

Article by Financial Sense

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