New Deal democrats Weekly Indicators Summation May 18 – 22
My “Weekly Indicators” post is up at Seeking Alpha. Interest rates, along with gas prices, continue to be elevated, but consumers are continuing to spend their way right on through the adversity – at least, so far.
- All time frames remain positive, with robust consumer spending and strong coincident indicators supporting continued economic expansion.
- Long leading indicators are mixed: bond market spreads and corporate profits are positive, but the ‘bear steepener’ in yields and leverage index signal caution.
- Short leading indicators show record stock highs and low jobless claims, but commodity price spikes suggest supply-driven negatives rather than demand strength.
- Shipping and transport indexes are elevated, likely reflecting increased geopolitical risk rather than surging global demand.