Key Market Indicators through March 31, 2017

An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. During March our view of the present situation improved dramatically with the least number of negative indicators since we started this analysis in January 2010. The remarkable improvement in trends which occurred in February was maintained in March, both months having the least number of negatively trending indicators since January 2010.

The total number of indicators considered in this analysis is 36.