My Weekly Indicators post is up at Seeking Alpha.
The economy as a whole is being driven by lower interest rates, unprecedented Fed supply of new money, stock market gains, and – through July – the Congressional emergency stimulus and unemployment benefits. This is still showing up in all indicator timeframes.
It took a few weeks for the effects of the pandemic lockdowns to show up in late March and April. I am still looking for effects of the end of the Congressional emergency assistance.
As usual, clicking over and reading should be educational for you, and rewards me with a couple of pennies for the efforts I put in.
Reelect Chairman Jerome Powell, Speaker Nancy Pelosi, and President Barack Obama. The nation needs their competence now more than ever.
Trump didn’t have anything to do with it.