Especially, coincident data is much slower than lagging data as the ratio have declined somewhat faster. That said, current condition is worse than before, but futures would be brighter... But, this story is already old since 2013... Where is the bright side?
| Business Cycle Indicators (%) | Aug | Jul | Jun | Aug Y/Y | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| Leading | 0.1 | 0.0 | 0.6 | 4.4 | 5.8 | 3.3 | 2.1 |
| Coincident | 0.1 | 0.4 | 0.1 | 2.3 | 2.5 | 1.9 | 2.6 |
| Lagging | 0.2 | 0.3 | 0.9 | 3.8 | 3.8 | 3.8 | 3.1 |
2. Main problem, in China, the 1st tier residential prices rose more than 10% year over year in August. SHCOMP was up 1.9% today....
...while CDS 5y premium soared somewhat rapidly making up last week's decline.
3. FBI investigates Malaysian fund while the scope of the investigation wasn't known.
4. Volkswagen equity price is tumbling by more than 20% now...
5. Weekly strategy has to be written...maybe tomorrow...
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