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 July 16, 2021 titled “ECRI Weekly Leading Index Update.” These charts are on a weekly basis as of the July 16, 2021 release, reflecting data through July 9, 2021.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI 157.3](https://www.economicgreenfield.com/wp-content/uploads/2021/07/Dshort-7-16-21-ECRI-WLI-157.3-1024x743.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 WLI YoY of the Four-Week Moving Average](https://www.economicgreenfield.com/wp-content/uploads/2021/07/Dshort-7-16-21-ECRI-WLI-Gr.-YoY-of-the-Four-Week-Moving-Average-18.10-percent-1024x743.png)
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This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI,Gr. 14.1 Percent](https://www.economicgreenfield.com/wp-content/uploads/2021/07/Dshort-7-16-21-ECRI-WLI-Gr.-14.1-percent-1024x743.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 4346.71 as this post is written
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