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Market Update about the Economy

It's been quiet recently

All is rather quiet for the moment. Not even the worries about Greece's debt are really rattling the cages of worldwide investors. Interest rates moved very little last week. Real estate sales didn't visibly improve greatly, either, though we are very likely watching a turnaround in much of California.

We don't really have a waiting-for-the-other-shoe-to-drop feeling, either. It feels more like the blessing of a sunny spring day than like the calm before the storm.

Keep your eyes out for the indicators whose significance isn't adequately noticed--like the great profits report on FedEx, mentioned herein. And pay attention to California data. It seems that California, once again, is leading the nation out of a real estate recession.

 

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