Saturday, June 22, 2024

Weekly Indicators for June 17 - 21 at Seeking Alpha


 - by New Deal democrat

My “Weekly Indicators” post is up at Seeking Alpha.

The high frequency data has not been confirming the relatively poor monthly reports. For example, mortgage applications have not declined since last autumn, contrary to the housing permit and construction report this past week. And nominal retail sales as updated weekly by Redbook have been running at about 5% YoY for the past 3 months, contrary to the lackluster monthly retail sales report.

As usual, clicking over and reading will fill you in on all the details, and put a little change in my pocket as a reward.