ECRI Indicator Set to Post an Another Interim High Tomorrow
This morning I received a pair of charts from Dwaine van Vuuren in anticipation of tomorrow's weekly update from ECRI on the company's Weekly Leading Index (WLI) and Weekly Index Growth (WLIg).
The two charts illustrate the why many of us continue to be amazed at ECRI's adamant position on its September 2011 recession call and its subsequent assertion that a recession started in July of last year.
The first one below shows the WLIg, poised to post its highest reading since May 14, 2010.
The next one shows the WLI itself.
For additional information, check out Dwaine's Shadow Weekly Leading Index Project.
Dwaine van Vuuren is CEO of RecessionALERT.com, a provider of investment research.
Source: Advisor Perspectives
About Doug Short
Doug Short Archive
|07/30/2015||US Economy Sees Substantial Increase After Weak QI, Though Still Below Average||story|
|07/22/2015||Existing-Home Sales Highest in Eight Years||story|
|07/14/2015||Retail Sales: Surprising Drop in June||story|
|07/09/2015||New Jobless Claims Higher Than Forecast but Remain Below Pre-Recession Levels||story|
|07/06/2015||ISM Non-Manufacturing: Continued Growth in June at a Slightly Faster Rate||story|
|06/30/2015||NYSE Margin Debt: A 1.6% Decline From Last Month's Record High||story|
|06/25/2015||Big Four Economic Indicators: Spring Rebound, Though Risks Remain||story|
|06/23/2015||Richmond Fed: Manufacturing Grew Modestly in June||story|
|06/18/2015||Conference Board Leading Economic Index Increased Again in May||story|
|06/11/2015||May Retail Sales: Finally Some Evidence of a Spring Bounce||story|