The Williams Analytics LLC Blog has just posted a new article on the state of the US macroeconomy and what could be in store for the S&P 500 E-mini and 10-Year US Treasury Note.
As a brief preview, US macroeconomic indicators are continuing to show strength in the face of a slowing economy with Real Personal Income and Real Retail Sales conforming nicely to their long term, mostly-linear trends. Yet, as noted in the blog post, there are concerns about declining momentum in Real Personal Income that needs to be watched in the coming months.
With respect to asset prices, Williams Analytics is currently predicting an increased level of volatility in the S&P 500 E-mini with strong price whipsaws anticipated during the next few months. We are also still anticipating a "U"- or "W"- Shaped price pattern for the 10-Year. Momentum is expected to decline for both the S&P and 10-Year in the coming months.