New Deal Democrat’s Weekly Indicators June 13 to June 20

Weekly Indicators: Points Of Weakness – Just Static?

There was another air pocket this week in withholding tax payments, and some weakening in mortgage applications, but the overall tone remains positive, despite the ongoing international chaos emanating from Washington.

Once again there was little change this week, and all time frames remained positive.

• All timeframes for economic indicators remain positive, with short leading indicators edging closer to neutrality.

• Long leading indicators are buoyed by positive term spreads and strong corporate profit growth, though tightening credit conditions signal caution.

• Short leading indicators benefit from record stock highs, low jobless claims, and manufacturing strength, but negative gasoline purchases is a yellow flag.

• Coincident indicators show robust consumer spending, though tax withholding has weakened shaprly and restaurant spending hit an air pocket.

As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and help me with my lunch money.