Data lag is a big problem.
Right now we have the following occurring:
1) Unemployment ticked up
2) Corporate profits continue to decline
3) Job postings are down
4) WIRP is down
5) The Gold Put/Call Ratio is down
6) The SPY Put/Call Ratio is up
7) Class 8 truck sales looks like 2009
And all of this is on a data lag because it takes a few weeks to gather the data. Then it takes a few weeks to write and publish the report.
That means that as of yesterday when I put that list together, we are even farther down this road than the data shows. Plus I noticed most of this stuff in July so we're talking a major data lag. By the time the data catches up it will be too late.
And a little FYI, the media sentiment lags the data lag by a few months so don't wait for them to report what's happening now. They'll be late by a few months and call it breaking news.
