Recent: 2018-09-05_8-18-32.jpg (890×467)

2018-09-05_8-18-32.jpg (890×467)

The spread between New Orders and Prices is the so-called NOPE Index, and as Leuthold Group notes, a drop below -40 has historically signaled notable trouble ahead for stocks, bonds, and the economy.

Image added from zerohedge.com/sites/defaul...itok=oU70fK9y

Comments

Wayne Nelson

The best part of this is the phonetic perfection with Slope of Hope. Very interesting, Tim. Where there's an Index, there's a perspective... yet another one to lend support for a bearish disposition in these market conditions. And the hits just keep on comin'! 9/10/18

...