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Tuesday, March 5, 2024

Weekly Indicators: Continued Improvement As The Year Ends

Weekly Indicators: Continued Improvement As The Year Ends


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Purpose

I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly

Long leading IndicatorsPositiveNeutralNegative
Corporate bonds
10 year Treasury
10 yr-2 yr Treasury
10 ry. – 3 mo. Treasury
2 yr – Fed funds
Mortgage rates
Purchase Mtg. Apps.
Refi Mtg Apps.
Real Estate Loans
Real M1
Real M2
Corporate Profits
Adj. Fin. Conditions Index
Leverage Index
Totals:338

Short Leading IndicatorsPositiveNeutralNegative
Credit Spread
Miller Score
St. L. Fin. Stress Index
US$ Broad
US$ Major currencies
Total commodities
Industrial commoditiesX
Stock prices
Regional Fed New Orders
Initial jobless claimsx
Temporary staffing
Gas prices
Oil prices
Gas Usage
Totals:464

Coincident IndicatorsPositiveNeutralNegative
Weekly Econ. Index
Open TableX
Redbook
Rail
Harpex
BDI
Steel
Tax Withholding
TED (deleted)
LIBOR (deleted)
Financial Cond. Index
Totals:702



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