Merriam-Webster defines data as, “Factual information (such as measurements or statistics) used as a basis for reasoning, discussion or calculation.” Traders use data in all forms to construct the basis for their trading decisions. In the past, this involved earnings reports and sales statistics for equity traders and perhaps weather reports and supply/demand calculations for commodity traders.
The Cycle Projection Oscillator is indicating some potential near-term opportunities in several markets. Looking at a 240-minute chart of the E-mini S&P 500 shows potential weakness over the next couple of days as shown on the chart.
What’s likely adding to investors’ nervousness is whether the latest reading for retail spending marks the end of the near 45-degree rise since March 2009 that coincides with the onset of the bull market.
Federal Reserve economists concluded in a new research paper that much of the decline in labor force participation since 2007 is due to long-lasting “structural” causes such as the aging of the workforce.