About Terence Duffy

Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts

This is Normal Market Behaviour

global marketsYou’ll read a lot of sweeping statements now as markets correct, but markets are just fully extended right now. Stock market corrections are completely normal. So just be wary when reading some analyst who suggests things are on the verge of collapse. Concerns over inflation and rising interest rates may have sent stocks tumbling, but underneath it all, the US economy remains strong.

Watch These Charts to Read the US Economy

US economy growthThere’s plenty of momentum to come from the US housing market. This is important because it will drive the US economy. And yet this process is widely underappreciated in the mainstream media. Hence why there’s a persistent sense that the US is close to a recession. I don’t see that happening in the immediate future. The charts aren’t suggesting it.