An Excellent Presentation On Where The Economy And Markets Are Right Now

The Doughnut Vault

Photo: The Doughnut Vault

We periodically turn to Waverly Advisors to give us some chart-based perspective on what’s going on with the markets.This time around, the big news is…doughnuts.

It’s true — Waverly believes how  doughnut chains are run says a lot about the economy.

Equities remain strong

Especially the S&P

And especially tech stocks

Volatility is mostly down

This may be an opportunity to short the dollar

A long position in metals is starting to break down

Energy remains volatile

Grains too

But the biggest story remains...doughnuts

Or rather, what a trip to a doughnut chain says about US labour

We are not producing globally competitive workers

Though most remain fortunate to have jobs in the first place

Today's ISM reading was solid

But consumer credit is weakening

Meanwhile, the Eurozone continues to founder

While China continues to contract

One thing still going up: gas prices

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