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 is a 10-year veteran and Market Technician who actively manages money incorporating Technical Analysis and Behavioral Finance into his practice. JC’s work has been featured regularly on CNBC, Fox Business, Bloomberg, Business News Network, Wall Street Journal and Yahoo Finance among many other financial media outlets. More...
- Canadian Dollars Are About To Explode Higher
- Gold Looks Ready For Its Next Leg Lower
- Video: Technical Analysis Webinar by JC Parets
- Is Yen Setting Up For An Epic Rally?
- Emerging Markets Are Still A Problem
- Find Your Edge: The Autumn 2015 AlphaShark Trading Symposium with a Presentation by J.C. Parets
- Can Financials Correct 30% From Their Highs?
- Overhead Supply in the Dow Components
- Overhead Supply in Healthcare & Biotech
- Thinking Out Loud Heading Into Q4
Archive by Year