I would like to do a quick update of some indicators that are supposed to predict economic activity. These indicators have been discussed in previous blog posts:
The ECRI WLI (Weekly Leading Index) was at 127.1 in the week to September 25. Here is Press Release:
Fortune’s Big Picture Index is at 14.25 as of October 2. This is at a level that is very near to the low of the data series; furthermore, as one can see, its gauge depicting “recession v. recovery” seems to strongly indicate “recession.”
Lastly, the Dow Jones ESI (Economic Sentiment Indicator) is shown to be 34.1, according to the September 30 Press Release here:
I find all three of these indicators to be very interesting, and will continue to post them on occasion.
SPX at 1065.48 as this post is written