Key Market Indicators Through June 30, 2017

An explanation of the Key Market 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. In the June data, the present situation slipped slightly, however in both May and June there was a significant deterioration in the number of indicators trending positive. Trends lead the present situation by about four months in this analysis.

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