Friday, November 16, 2018

Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – November 16, 2018 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 the Doug Short site’s ECRI update post of November 16, 2018 titled “ECRI Weekly Leading Index Update:  ‘Construction Crumbling’.”  These charts are on a weekly basis through the November 16, 2018 release, indicating data through November 9, 2018.
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:
ECRI WLI YoY of the Four-Week Moving Average
This last chart depicts, on a long-term basis, the WLI, Gr.:
ECRI WLI, Gr. -3.0 Percent
_________
I post various economic indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2727.82 as this post is written

No comments:

Post a Comment