Mr. Market is becoming anxious… again. Although the US stock market (S&P 500) has recovered all of the lost ground from the recent Aug-Oct correction, several metrics in the Crash Risk Index suite of benchmarks are flashing warning signs. The overall level of danger is still modest and so it’s premature to assume the worst. Nonetheless, risk has recently increased to its highest level since early Oct., when the market was still reeling from worries that China’s slowdown would trigger a global recession.
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● Fed’s Labor Market Conditions Index decelerates in Nov | EconoTimes
● CB’s US Employment Trend Index stumbled in Nov | CB
● US consumer spending unchanged in Nov | Gallup
● US consumer credit growth slows in Oct | WSJ
● China’s exports fell for 5th straight month in Nov | RTT
● Japan’s economy grew in Q3, according to revised data | Bloomberg