Bad news out of Potash (POT) increased both the volume and bearish intensity of tweets for the agriculture stocks this week. Mosaic (MOS) fell victim as well. This came as a big surprise to many, but taking a look at an agriculture ETF (MOO) you can see that agriculture has been in trending lower from early in the year. Also of note is that Caterpillar (CAT) leads the list this week, and emerging markets (EEM) and Dow Chemical (DOW) made the cut. This is starting to paint a picture of even more weakness in the most basic sectors of the world economy.
Take a look at some charts of the other stocks on the most bearish list and you’ll see it littered with bad surprises. This may be early warning that the slow world economy is finally having an impact on the United States.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 7/30/13.