Saturday, November 12, 2016

Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – November 11, 2016 Update

As I stated in my July 12, 2010 post (“ECRI WLI Growth History“):
For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are.
However, I do think the measures are important and deserve close monitoring and scrutiny.
Below are three long-term charts, from Doug Short’s ECRI update post of November 11, 2016 titled “ECRI Weekly Leading Index: WLI Inches Up.”  These charts are on a weekly basis through the November 11, 2016 release, indicating data through November 4, 2016.
Here is the ECRI WLI (defined at ECRI’s glossary):
ECRI WLI
This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:
dshort-11-11-16-ecri-wli-yoy-four-week-moving-average-7-03-percent
This last chart depicts, on a long-term basis, the WLI, Gr.:
ECRI WLI,Gr.
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I post various economic indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2164.45 as this post is written

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