Bankruptcies in Denmark –> Decline in S&P 500?October 06, 2014
Data released today revealed a jump in both bankruptcies and forced property sales in Denmark:
Why do we care? Mostly because of the relationship between Danish consumer confidence and the performance of the S&P 500:
Updated figures for consumer confidence won’t be released for a couple of weeks– but a rebound seems unlikely in the face of negative news releases like those we saw today.