Friday, June 12, 2020

Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – June 12, 2020 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 Advisor Perspectives’ ECRI update post of June 12, 2020 titled “ECRI Weekly Leading Index Update.”  These charts are on a weekly basis through the June 12, 2020 release, indicating data through June 5, 2020.
Here is the ECRI WLI (defined at ECRI’s glossary):
ECRI WLI 130.6
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 Year-over-Year of the Four-Week Moving Average
This last chart depicts, on a long-term basis, the WLI, Gr.:
ECRI WLI,Gr. -18.5%
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 3027.36 as this post is written

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