Below we have updated our Economic Indicator A/D line where we tally the number of economic indicators which come in above and below forecasts. Since April, the most recent peaks and valleys of the chart are much smaller than they typically have been in the past. There are two possible explanations for this. The first, which we think is unlikely, is that economists are doing a better job at predicting the economy. The other possibility is that the economy is neither firing on all cylinders (where economic reports consistently beat forecasts), nor is it making a crash landing (economic reports consistently coming in below forecasts).