FYI: Sometimes economic data trends, and trends in the same direction for a long time. And sometimes it peaks (or bottoms) and begins trending in a new direction – up or down.
But turning points in long-term trends are rare, and there are still other times during which there is no trend at all.
And it is during these long-term trends or trendless trends that people mistake ebbs and flows for being meaningful. And, worse still, they convince themselves or others that one of these ebbs or flows ought to be acted upon in the context of an investing portfolio.
Regards,
Ted
https://thereformedbroker.com/2019/07/08/how-economic-data-works/
