US Economy Now The World’s Most Competitive Again

US Economy Now The World’s Most Competitive Again

US Economy Now The World’s Most Competitive Again

$DIA, $SPY, $QQQ, $RUTX, $VXX

  • America is First, Again!
  • The last time the US topped the list was in Y 2008.

US economy sits atop of the World Economic Forum’s annual global competitiveness survey for the 1st time since the Ys 2007-2009 financial crisis the Swiss body said.

In its closely-watched annual Global Competitiveness Report, the WEF said the US is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zZero to 100.

The US beat off Singapore, Germany, Switzerland and Japan, the other Top 4 markets, with a score of 85.6 out of 100, the report said, due to its “vibrant” entrepreneurial culture and “strong” labor market and financial system.

The World Economic Forum, the same organization that runs the Davos meeting of global powerbrokers each January, bases its rankings of 140 economies on a dozen drivers of competitiveness, including a country’s institutions and the policies that help drive productivity.

This year the WEF changed its methodology to better account for future readiness for competition, such as a country’s idea generation, entrepreneurial culture, and the number of businesses that disrupt existing markets.

The last time the US topped the list was in Y 2008.

The WEF said it was too early to factor in how The Trump Administration’s recent trade policies would affect its ranking

“Open economies are more competitive.”

Wednesday, the major US stock market indexes finished at: DJIA-91.74 at 25706.68, NAS Comp-2.79 at 7642.89, S&P 500-0.71at 2809.05

Volume: Trade on the NYSE came in at 794-M/shares exchanged

  • NAS Comp +10.7% YTD
  • S&P 500 +5.1% YTD
  • DJIA +4.0% YTD
  • Russell 2000 +3.5% YTD

HeffX-LTN’s US Major Stock Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
17 October 2018 QQQ 177.29 Bearish (-0.27) 176.00 178.53
17 October 2018 DIA 256.97 Neutral (-0.02) 256.20 258.71
17 October 2018 SPY 280.45 Bearish (-0.34) 279.27 282.00

America is First!

 

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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