ZH: Goldman: Mutual funds flood into MegaTech stocks as they start cutting cash allocations
ZERO HEDGE writes: Even before the NVDA blowout earnings report, Goldman flow trader John Flood wrote ...
ZERO HEDGE reports:
The Conference Board’s Leading Economic Indicators (LEI) accelerated its decline in March, dropping 1.2% MoM (far more than the 0.7% decline expected).
– The biggest positive contributor to the leading index was orders for non-defense capital goods ex aircraft at 0.02
– The biggest negative contributor was building permits at -0.28
This is the 12th straight monthly decline in the LEI (and 13th month of 15) – the longest streak of declines since ’Lehman’ (22 straight months of declines from June 2007 to ...
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