ECRI Weekly Index of Leading Economic Indicators Makes Fresh 2011 Lows
- Posted by JC Parets
- on August 26th, 2011
From WSJ -
The Economic Cycle Research Institute’s weekly index of leading economic indicators has taken another turn for the worse.
The index fell to its lowest level since October 2010, and the rolling 4-week average dropped to -2.1%, the lowest since November 2010.
This doesn’t foretell a recession yet, but suggests hopes of a big second-half rebound from our weak first half (which the ECRI index seemed to foretell) are going to be dashed.
Here is a decade long chart via dshort showing GDP along the way with Recessions shaded in Gray:
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.blog comments powered by Disqus
J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. He earned the Chartered Market Technician designation (CMT) in 2008 and now actively manages money incorporating Technical Analysis and Behavioral Finance into his practice More
- I Get Them Wrong Too!
- Small-Caps Hit 2-year Lows vs Large Caps
- Emerging Markets Break 2014 Uptrend Line
- FOX Business: Precious Metals and JC Penney
- Aerospace & Defense is Consolidating Nicely
- Is That A Head & Shoulders Pattern In XOP?
- Is JC Penney Setting Up For Another Leg Higher?
- Audio: Q&A on Benzinga Morning Show
- A Look At Energy On Multiple Timeframes
- Yahoo Runs Into Historic Overhead Supply
Archive by Year