Gavekal Capital: Much Worse Than Expected Swedish Industrial Production

Tuesday, December 10, 2013

Much Worse Than Expected Swedish Industrial Production

Industrial production (yoy) in Sweden fell for the seventh straight month in October:

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While stock price performance of MSCI Sweden Industrials has not been as bad as in some other sectors, the abundance of (deteriorating) trading ranges in our point-and-figure methodology is probable cause for concern:

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