ECRI WLI Set to Post a New 90-week High Tommorow
A few minutes ago 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 rationale for the puzzlement many of us feel with regard to ECRI's sticking to its guns on its September 2011 recession call.
The first one below shows the WLIg.
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