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But we saved everything 🙂.
Tom McClellan, industry influencer, suggests that a declining savings rate is typically a positive signal for the stock market.
He observes that periods when the savings rate increases tend to coincide with less favorable market dynamics, though he notes that the Covid period has distorted these usual patterns.
McClellan has previously examined how very low U.S. University of Michigan sentiment readings often precede movements in stock prices. He has also found that full moon dates tend to align with turning points in gold prices. His research often focuses on recurring signals in market behavior.