Still in a sharp uptrend….signals no recession in sight
“Davidson” submits:
The Employment Demand Index(EDI) is calculated by dividing the number of Job Openings by the number of Unemployed (EDI = Job Openings/Unemployed). The turns in economic pace of hiring tend to be better defined. The EDI rolled over well before the 2008 Great Recession but reflects a relatively sharp uptrend currently.
The current recession fears are diametrically opposed to economic fundamentals making today’s market a good buying opportunity.
To access premium content FREE for 5 days, follow this link