The recovery indicators (when we started these we thought they’d be around for about a year or so) had four of its six factors turn negative, with one of those falling back to its recession level of December 2007. Yes, that’s when the recession started. That long ago.
The NASDAQ has been volatile like the other stock market indexes, but is still up +0.5% from last month. New orders for non-manufacturing were up, significantly. Proprietors income, a measure of small business activity, was revised up by $1.1 billion.
