13 factors driving equity bulls and bears
Bullish: Improving economic indicators
There's a lot to be a bit more optimistic about when it comes to some of the crucial economic indicators. Recent steady job growth, Empire State manufacturing, ISM manufacturing exports and non-manufacturing indices, construction spending, household net wealth levels, auto sales, consumer credit, home prices, new and existing home sales, housing starts, building permits, U.S. oil and gas production levels, European financial conditions and Chinese GDP growth reflect strength and/or improvement in these sectors.
Source: Morgan Stanley Smith Barney Investment Strategy, Morgan Stanley & Co. LLC Research, Citi Research, ECRI, and Bloomberg. Note: Unless otherwise indicated, data are as of Feb. 15.