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 August 13, 2021 titled “ECRI Weekly Leading Index Update.” These charts are on a weekly basis as of the August 13, 2021 release, reflecting data through August 6, 2021.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI 152.4](https://www.economicgreenfield.com/wp-content/uploads/2021/08/Dshort-8-13-21-ECRI-WLI-152.4.png)
–
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 13.32 Percent](https://www.economicgreenfield.com/wp-content/uploads/2021/08/Dshort-8-13-21-ECRI-WLI-Gr.-YoY-of-the-Four-Week-Moving-Average-13.32-percent.png)
–
This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI,Gr. 6.8 Percent](https://www.economicgreenfield.com/wp-content/uploads/2021/08/Dshort-8-13-21-ECRI-WLI-Gr.-6.8-percent.png)
_________
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 4463.66 as this post is written
No comments:
Post a Comment