Gavekal Capital: US Econ Chart of the Day

Wednesday, October 16, 2013

US Econ Chart of the Day

The NAHB Housing Market Index ticket down from 57 to 55 in October. However, the index has shown a surprisingly strong negative correlation with the Unemployment Rate (Index goes up, Unemployment rate goes down). This relationship would suggest that the unemployment rate continues to fall over the next 18 months.