The chart above is that of Core Capital Equipment(CCE) expressed
as percentage of Durable Goods Orders.
CCE is considered a proxy for Business Investment.
This series tracked the "High Tech" boom/bust that took place
in the 1990's.
Noticed that the number has reached the recent high of a couple
of years ago.
I think this level will again prove to be as good as it gets.
4 comments:
Will
Does that mean we should buy the QID soon?
It sort of looks like a seasonal pattern for the past three or four years, each one peaking in June/July. Do you have a graph going back, say, to 1990?
QID can certainly work well in a bear market.
salvatorem
see tonight's post
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