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
|09/04/2014||ISM Non-Manufacturing: August Composite at Another Record High||story|
|08/29/2014||Consumer Sentiment Bounces Back for August||story|
|08/26/2014||Consumer Confidence Rises Again||story|
|08/21/2014||Philly Fed Business Outlook: Highest Six-Month Outlook in 22 Years||story|
|08/12/2014||Proof of a Structural Change in the U.S. Workforce||story|
|07/29/2014||Consumer Confidence Surges; Highest Since the 2007 Market Peak||story|
|07/23/2014||A Long-Term Look at Inflation||story|
|07/18/2014||Conference Board Leading Economic Index Continues to Expand||story|
|07/17/2014||Philly Fed Business Outlook: Fifth Month of Growth||story|
|07/08/2014||Market Cap to GDP: The Buffett Valuation Indicator||story|