Weekly Leading Indicators - Dr. Ed Yardeni's Economics Network

140
120
100
80
60
40
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
Figure 5.
YRI FUNDAMENTAL STOCK MARKET INDICATOR vs. ECRI WEEKLY LEADING INDEX
YRI Fundamental Stock
Market Indicator*
ECRI Weekly Leading Index
(1992=100)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
* Average of Consumer Comfort Index and Boom-Bust Barometer, which is CRB raw industrials spot price index divided by initial unemployment claims,
four-week moving average.
Source: Bloomberg, Commodity Research Bureau, Department of Labor, and Economic Cycle Research Institute (ECRI).
Figure 6.
- ECRI Weekly Leading Indicators vs. FSMI -
HIGH YIELD CORPORATE LESS 10-YEAR TREASURY YIELD SPREAD
(basis points, inverted scale)
Spread
Fundamental Stock
Market Indicator*
2/9
2/8
yardeni.com
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
* Average of Consumer Comfort Index and Boom-Bust Barometer, which is CRB raw industrials spot price index divided by initial unemployment claims,
four-week moving average.
Source: Bloomberg, Merrill Lynch, Board of Governors of the Federal Reserve System, and Commodity Research Bureau, Department of Labor.
Page 3 / February 15, 2013 / Economic Indicators: Weekly Leading Indicators
2/14
2/9
yardeni.com
150
145
140
135
130
125
120
115
110
105
100
140
120
100
80
60
40
Yardeni Research, Inc.
www.yardeni.com