I like correlation charts. They often tell a story about how certain economic series relate to the stock market, and to one another, often leading to the age old chicken-egg question. One thing is for sure. The stock market is not a leading indicator.
I ran a couple of correlations this morning between the Michigan Con, aka the Michicon, stock prices, and housing prices. Here’s what came out the other end. First a longer view, then I’ll zoom in.
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I’ll add some comments about what I noticed later. I’ll give you first shot.