Knowing the health of the economy may be easier than you think. No time in history has there been so much information available on not just the economy but every imaginable subject. The internet and the 24 hour news cycle has created an abundance of information that is available to the entire world instantaneously.
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70% of Gross Domestic Product (GDP) is consumer spending. This has a strong correlation to housing and equity markets. Being informed about economic reports related to the consumer will make you more qualified to manage a portfolio than most including analyst. Bllomberg reported recently that they reviewed the recommendations of 1890 analyst and showed 99% were wrong about selling S&P 500 stocks. Analyst rarely make sell recommendations. Bloomberg reported that only 5.1% of analyst ratings are a sell. Learn about the most important Economic Reports and Indicators by downloading The Ebook of Technical Indicators and the Ebook of Market Indicators.
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