What Is the P/S Ratio: Understanding Price to Sales gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
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4. Cash Allocations Back to the Bottom of the Range: Thanks mostly to market movements, surveyed cash allocations have dropped - this means at the margin there is incrementally less cash in proportion to equities (less buying power), and also tells us investors are implicitly comfortable running lower allocations.
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5. TD Ameritrade Investor Movement Index: This interesting sentiment indicator (based on trading account activity) has surged to the 3rd highest level since they began compiling the indicator (in 2010). Should be no surprise; especially in the context of the last two charts - sentiment is little short of euphoric.
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6. Sell Side Sell Indicator: basically this one is tracking sentiment of the sell side (analysts/strategists at investment banks). It’s a bit of a peculiar indicator, but could be worth noting as/when it hits the “sell signal“ level (which could well be soon).
Trucking gets another shot in the arm from quarantined consumers
Consumers spent 22% more on goods in January, tightening capacity back to peak levels in March
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Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG
Just as the consumer goods boom appeared to be in decline, spending got another boost on the heels of more stimulus and spiking COVID-19 cases, posting an unexpected 12% sequential gain in January over December after the holiday spending had passed. FreightWaves Outbound Tender Volume Index (OTVI), which measures truckload electronic tender volumes in the U.S., posted a similar gain in March over February, sharply reversing a declining trend. This relationship has evolved to the point where it appears there could be as much as a two-month lead time on freight volumes.