Weekly Indicators: Corporate Profits For Q2 Expected To Increase Sharply

Board room meeting.



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

Long leading Indicators Positive Neutral Negative
Corporate bonds
10 year Treasury
10 yr-2 yr Treasury
10 yr – 3 mo. Treasury
2 yr – Fed funds
Mortgage rates
Purchase Mtg. Apps.
Refi Mtg Apps.
Real Estate Loans
Real M1
Real M2
Corporate Profits X
Adj. Fin. Conditions Index
Leverage Index
Totals: 3 5 6

Short Leading Indicators Positive Neutral Negative
Credit Spread
Miller Score
St. L. Fin. Stress Index
US$ Broad
US$ Major currencies
Total commodities x
Industrial commodities x
Stock prices
Regional Fed New Orders
Initial jobless claims
Temporary staffing
Gas prices
Oil prices
Gas Usage
Totals: 6 4 4

Coincident Indicators Positive Neutral Negative
Weekly Econ. Index
Open Table [reinstated]
Steel X
Tax Withholding
TED (deleted)
LIBOR (deleted)
Financial Cond. Index x
Totals: 5 4 0

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