Weekly Indicators for July 31 – August 4, and long term forecast through H1 2024 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. No big changes in the data, but note that mortgage and other interest rates are up close to their peaks. This will operate to slow down growth in the housing market among other things. As usual, clicking over and reading will bring you up to the virtual moment, and...
Read More »New Deal democrats Weekly Indicators for July 24 – 28
Weekly Indicators for July 24 – 28 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. While there continues to be evidence of the normal progression of weakness from long leading to short leading to coincident indicators, there has also been an anomalous major positive resurgence in some of the short leading indicators. By normal historical standards, we “ought” to be well into a downturn. And yet...
Read More »New Deal democrats Weekly Indicators for July 17 – 21
Weekly Indicators for July 17 – 21 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. At least when it comes to weekly measures of consumer spending, the “waiting for godot” recession seems to have finally arrived. Meanwhile other metrics have been picking up steam as to the near future. This suggests a period of wobbling ahead. As usual, clicking over and reading will bring you up to the virtual...
Read More »New Deal democrats Weekly Indicators for July 10 – 14
Weekly Indicators for July 10 – 14 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Several indicators that had been stubbornly positive throughout the decline in leading metrics as of this past week finally turned either neutral or negative. Much as the dominant punditry at the moment is that the economy will actually stick a “soft landing,” these turns argue that instead consumers may finally be...
Read More »New Deal democrats Weekly Indicators for July 10 – 14
Weekly Indicators for July 10 – 14 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Several indicators that had been stubbornly positive throughout the decline in leading metrics as of this past week finally turned either neutral or negative. Much as the dominant punditry at the moment is that the economy will actually stick a “soft landing,” these turns argue that instead consumers may finally be...
Read More »New Deal democrats Weekly Indicators for July 3 – 7
Weekly Indicators for July 3 – 7 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. A real-time daily update of inflation (based on millions of prices posted at internet sales sites among other things) has become available, and has been added to the array of coincident indicators. The complete array remains consistent with very slow growth that has not tipped over into contraction. But despite the...
Read More »New Deal democrats Weekly Indicators June 26-30
SUNDAY, JULY 2, 2023 Weekly Indicators for June 26 – 30 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Movement among the indicators continues to be slow as molasses, but an important bifurcation stands out: indicators focusing on services continue to show good growth, while indicators focusing on goods are either stalled or outright contracting. As usual, clicking over and reading will...
Read More »Weekly Indicators for June 19 – 23 at Seeking Alpha
New Deal democrats Weekly Indicators for June 19 – 23 2023 – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. When nothing dramatic is happening, high frequency information can be like watching paint dry. That’s where we are at the moment. The positives – like improving sentiment in the stock market – are still positive; and the negatives – like interest rates and mortgage applications – are still negative. And the...
Read More »New Deal democrat’s Weekly Indicators June 12 – 16
Weekly Indicators for June 12 – 16 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Stocks are really buying the “soft landing” scenario, rising to repeated 12 month+ highs, apparently anticipating that corporate profits will be off to the races again. Meanwhile, when we look at consumer spending, which is 70% of the economy, restaurant reservations, which are one of the easiest things for...
Read More »New Deal democrats Weekly Indicators for May 22 – 26
Weekly Indicators for May 22 – 26 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Several of the indicators that popped higher one week ago sank back lower this week. The overall picture remains very slight positivity in the coincident numbers. Meanwhile stock prices continued to make several new 3 month+ highs, but several long leading indicators, including corporate profits as reported in revised...
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