Saturday, October 21, 2023

Weekly Indicators for October 16 - 20 at Seeking Alpha


 - by New Deal democrat

My Weekly Indicators post is up at Seeking Alpha.

Obviously the big story of the week was the surge in interest rates. The 10 year Treasury yield closed above 5% for the first time since 2007, and mortgage rates went above 8% for the first time since 2000!

Hard to see how the economy can withstand that for very long (if it persists!). But meanwhile the coincident data has been pretty consistently improving.

For all the gory details, click on over and read. And doing so will reward me just a little bit for pulling all the information together in coherent form.