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 May 13, 2022 titled “ECRI Weekly Leading Index Update.” These charts are on a weekly basis as of the May 13, 2022 release, reflecting data through May 6, 2022.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI 156.2](https://www.economicgreenfield.com/wp-content/uploads/2022/05/Dshort-5-13-22-ECRI-WLI-156.2-1024x744.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/2022/05/Dshort-5-13-22-ECRI-WLI-YoY-of-the-Four-Week-Moving-Average-.90-Percent-1024x744.png)
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This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI,Gr. .7 Percent](https://www.economicgreenfield.com/wp-content/uploads/2022/05/Dshort-5-13-22-ECRI-WLIGr.-.7-Percent-1024x744.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 3996.13 as this post is written
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