Global earnings expectations are climbing while global PMI indexes are declining and there is sufficient evidence in hand to be concerned about a period of renewed weakness in the U.S. economy. (hussman.net)
But the weakness in the growth rate of ECRI's Weekly Leading Index - which leads the PMI by about three months - when combined with the other indicators are currently enough to expect a period of renewed weakness. (hussman.net)
Historically, market crashes have emerged only after trend conditions have deteriorated measurably, and that will require renewed weakness in market internals. (hussmanfunds.com)