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...
- Are Utilities Breaking Out Relative to S&Ps?
- A Non-Random Walk Through Canadian Dollars
- Fox Business: Retail Stocks & Government Shutdowns
- United Technologies Breaks Out vs S&P500!
- Latin America Hits 9-Year Lows vs Emerging Markets
- My One-On-One Interview With CEO.CA
- What’s There Not To Like About REITs?
- ABC News: Do We Buy Gold or other Metals?
- What Are The Best Sectors In America?
- Fox Business: Metals and Treasury Bonds
Archive by Year