I would like to do a quick update of some indicators that are supposed to predict economic activity. These indicators have been discussed in previous blog posts:
The ECRI WLI (Weekly Leading Index) was at 127.1 in the week to September 25. Here is Press Release:
http://www.businesscycle.com/news/press/1582/
Fortune's Big Picture Index is at 14.25 as of October 2. This is at a level that is very near to the low of the data series; furthermore, as one can see, its gauge depicting "recession v. recovery" seems to strongly indicate "recession."
http://money.cnn.com/magazines/fortune/storysupplement/recovery_index/index.html
Lastly, the Dow Jones ESI (Economic Sentiment Indicator) is shown to be 34.1, according to the September 30 Press Release here:
http://solutions.dowjones.com/economicsentimentindicator/
I find all three of these indicators to be very interesting, and will continue to post them on occasion.
SPX at 1065.48 as this post is written
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