.png)
Written by Summary High frequency indicators can give us a nearly up-to-the-moment view of the economy. The metrics are divided into long leading, short leading, and coincident indicators. Led by oil, commodity prices surged this week. A hawkish Fed and OPEC countries focusing on hurting the West for geopolitical reasons can easily push this weakly positive economy into recession in short order. peshkov Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leading indicators, then short leading indicators, then coincident indicators. A Note on Methodology Data is presented in a "just the facts, ma’am" format with a minimum of commentary so that bias is minimized. Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked. A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, the yield curve) […]
CamTrader offers a preview only. View original article. seekingalpha.com
