The ECRI Leading Indicator Index just came at -10.1%, a drop from last week’s -9.9%, once again inflecting into double dip territory. One can only imagine what the spin proffered by the index creators will be this time: it was suddenly very credible last week, hopefully that credibility persists as it reaffirms a definitive double dip . . . → Read More: ECRI Declines, Passes Below "Double Dip" -10% Threshold Again
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The ECRI’s micro dead cat bounce is over… or is it? The ECRI Leading Indicator came in at 120.8 W/W, lower from a previous number of 122.4, revised from 122.0. In practical terms, this means that the annualized change is now back to a double dip predictive -10. Which is a deterioration from last week’s actual . . . → Read More: ECRI Declines To -10.0 From Unrevised -9.8% (Yet Prior Is Conveniently Revised To -10.2%) The indicator most hated by its creators, the ECRI Leading Indicators index, continues its bounce along the bottom, printing at -9.8% YoY for the week ending August 13 (in absolute terms 122.4, compared to a revised 121.7 from 121.8 prior), compared to -10.3%. In this way the index has once again recaptured the magical threshold of . . . → Read More: ECRI Leading Indicator Continues Dead Cat Bouncing; Is It Too Little Too Late? As expected last week, the ECRI Leading Indicator may have seen its lows. After hitting -10.7% last week, this week the annualized rate of change rose to -10.3% (on par with two weeks ago). Watch for the ECRI creators to suddenly change their tune and start espousing all the virtues of their index, now that it . . . → Read More: After 12 Weeks Of Plunging, ECRI Reverses Downward Path, Rises The ECRI Leading Indicator has just moved Expectations at 62.3 vs consensus of 61.3 (previous 60.6), and Conditions at 76.5 vs 76 (previous 75.5). And with this latest self fulfilling prophecy report out of the propaganda bureau, expect stocks to promptly go green as the ugly GDP number is all but forgotten. This report brings today’s official economic release docket to a close. . . . → Read More: UMich Consumer Confidence Comes Better Than Expected, At 67.8 On Consensus Of 67 If in addition to 85% of the economic data releases in the past month coming below expectations was not enough, the ECRI leading indicator has just came below the critical threshold of -10%, which according to Rosenberg has virtually assured recessions based on data from the past 50 or so years, hitting an annualized rate of . . . → Read More: ECRI Leading Indicator Breaches Critical -10 Threshold, Hits -10.5 By Daniel Bases NEW YORK (Reuters) – Mid- and small-capitalization stocks often serve as a leading indicator for the direction of . . . → Read More: Analysis: Money managers see no double-dip When stocks go straight up as they did in the last 20 minutes of trading (and pretty much all day, see chart) all sorts of broken things happen. In this particular case, the AUDJPY – ES correlation is presenting a clear opportunity to pick almost 10 ES points. For all who enjoy making virtually guaranteed money . . . → Read More: Deranged Stock Buying Presents 10 ES Point Arbitrage Opportunity Via Daily Decoupling We are just 2.3 points away from that critical -10 threshold on the ECRI WLI which at least historically, has guaranteed a recession. Just the freefall itself is vertigo inducing, and the number’s release at 10:30 Eastern is what pushed the market even further lower as bullish indicator after . . . → Read More: ECRI Weekly Leading Indicator Ever Closer To The -10% Threshold, Drops To -7.7; Leads To Another Leg Lower In Stocks |
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