Charting Economic Resilience After Weaker-Than-Expected Data

“The economy is weaker than we thought it was for the first half of this year,” Willie Delwiche argues. He notes that lost jobs are becoming hard to replace, charting the total % of unemployed and the % of people unemployed for 15+ weeks. Now, he says, we see how resilient the market rally actually is. He compares global breadth to the U.S. stock market and offers some tips about asset allocation. He looks at earnings performance and likes gold, tech, industrials and financials.

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