– by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
The big decline in long term interest rates this week in the wake of the Fed’s announced “pivot” towards lowering rates created one of the biggest changes in the long leading indicators for several years. Meanwhile most of the coincident indicators continue to speak of a strong economy.
The intersection that is going to tell the tale going forward in the next 6 months or so is with the short leading indicators, including manufacturing, construction, and commodity prices.
As usual, clicking over and reading will bring you up to the virtual moment as to the economic data, and reward me a little bit for organizing it for you.