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 July 19, 2019 titled “ECRI Weekly Leading Index Update.” These charts are on a weekly basis through the July 12, 2019 release, indicating data through July 12, 2019.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI](https://www.economicgreenfield.com/wp-content/uploads/2019/07/Dshort-7-19-19-ECRI-WLI-145.9.png)
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This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:
![ECRI YoY of the Four-Week Moving Average](https://www.economicgreenfield.com/wp-content/uploads/2019/07/Dshort-7-19-19-ECRI-YoY-of-the-Four-Week-Moving-Average.png)
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This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI,Gr.](https://www.economicgreenfield.com/wp-content/uploads/2019/07/Dshort-7-19-19-ECRI-WLI-Gr.-.7-Percent.png)
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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 site 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 2997.12 as this post is written
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