- by New Deal democrat
I haven't had the time to post my beta testing in the last few weeks, but I did want to note before the time of its release that I expect this week's WLI to be significantly negative. Only one component - corporate bond prices - increased. Everything else - credit spreads, real M2, initial jobless claims, the JoC ECRI commodities index, the S&P 500, and purchase mortgage applications - decreased.
That being said, the WLI growth index may increase anyway, since last April the index was beginning a sharp decline, so a lesser rate of decline this week may be recorded as a net positive, and also because the general trend for the last few months in the weekly data has been positive, and this is apparently especially weighted in the growth index.
1 hour ago