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Thursday , 26 November 2020

Tag Archives: Fundamental Stock Market Indicator

Yardeni: Lower Unemployment in 2012 = Higher Stock Market in 2012

Initial unemployment claims may be the most important economic indicator for the stock market in 2012. It is one of the three components of our Fundamental Stock Market Indicator (FSMI), which is highly correlated with the S&P 500, [see graph below] so if initial unemployment claims remain under 400,000 and possibly continue to head lower during January, that would support the strong stock market rally that has kicked off the New Year so far. Words: 395

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