The Director sends me interesting tidbits from time to time, and one item he sent last time pointed out how the Philadelphia Capital Expenditures chart (with the easy-to-remember symbol FR:CEFDFSA066MSFRBPHI) is an excellent predictor of future corporate earnings. Simply stated, stocks are going to get crushed next year as earnings crumble. Booyah!
Here is what The Director sent me. I don’t have EPS data, so I can’t make a layered chart like this.
