Time to Deploy the Hedges; Search for Values!

There’s no denying that some recent negative economic reports are giving the market trouble. For instance … * The industrial economy staggered under temporary supply chain disruptions, with the Chicago Purchasing Managers Index (PMI) and the Institute for Supply Managers (ISM) releases missing expectations by a country mile. * Housing continued to slide, with the release of a worse than expected decline in prevailing home prices from S&P Case-Shiller. * And the releases of several jobs reports — culminating on Friday with the all-important non-farm payrolls survey — gave the market nothing to be hopeful about for the near term. In short, these reports are telling us that: * The U.S. industrial economy is not yet back . . . → Read More: Time to Deploy the Hedges; Search for Values!