Objective research to aid investing decisions

Value Investing Strategy (Strategy Overview)

Allocations for July 2024 (Final)

Momentum Investing Strategy (Strategy Overview)

Allocations for July 2024 (Final)
1st ETF 2nd ETF 3rd ETF

Personal Saving Rate and the Stock Market

November 2, 2023 • Posted in Economic Indicators

Is public saving rate a leading indicator of the stock market? Arguably, an increase (decrease) in saving rate means a shift away from (toward) consumption, corporate earnings and associated stock value. The Bureau of Economic Analysis (BEA) releases seasonally adjusted Personal Saving Rate (PSR) monthly with a lag of about one month for initial release and two additional months for revisions. Using this series and monthly S&P 500 Index level during January 1959 through September 2023, we find that…

Please or subscribe to continue reading...
Gain access to hundreds of premium articles, our momentum strategy, full RSS feeds, and more!  Learn more

Daily Email Updates