The widening Trade Balance moved the BullandBearWise Index lower this week.
June 10, 2005 (Press Release) --
For the latest week, the drop in Trade Balance subtracted an unweighted value of 3 from the Index. The drop in Consumer Credit subtracted an unweighted value of 1 from the Index and the drop in Initial Jobless Claims added an unweighted value of 2 to the Index.
For the week, the cumulative unweighted change was minus 2, resulting in the Index dropping to 44.78.
“The latest Federal Reserve Flow of Funds report shows debt still climbing much faster than GDP,” said Peter Duray-Bito, owner of BullandBearWise.com. “This puts increased pressure on the ability repay U.S. debt.”
The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5.
For the week, the cumulative unweighted change was minus 2, resulting in the Index dropping to 44.78.
“The latest Federal Reserve Flow of Funds report shows debt still climbing much faster than GDP,” said Peter Duray-Bito, owner of BullandBearWise.com. “This puts increased pressure on the ability repay U.S. debt.”
The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5.
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