I already posted, upthread a bit.
Just as an aside start looking for these economic terms:
1. Deflation.
Its the real bogeyman. When they say it on CNBC or Fox B, its as if they are saying the “N” word. Governments will do anything to stop it. Even negative rates.
2. Liquidity Crunch /Shortage
When massive selling occurs in a leveraged market, people need to sell assets to cover their loans. When you say the market going down earlier in the week and “paper” gold was getting unloaded, that was an indication of a liquidity crunch. When there is nothing left to sell (for individuals, not overall) the loans go unpaid. That is when there are problems.
3. Teu
A TEU is the index and count of twenty foot export units. Or 20 foot containers. This will let you know how many units are leaving China and how many are reaching the US.
THESE are the things that will tell you the leading indicators for the economy. Jobs numbers from six weeks ago are lagging indicators. February will be seen as the highwater point before the election.
I’ve heard both terms more today than in the over past week or so. It means they are hearing it from others.
It will be interesting.