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Kirk Lindstrom
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Starting as a summer intern in 1978, Kirk worked for 20 as a scientist and engineer at Hewlett Packard's research and development department (R&D) designing solid state devices and components for optical communication. While he was at HP, Kirk invested ten to twenty percent per year of his... More
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  • ECRI's WLI Flat While its Growth Rate Falls 0 comments
    Jul 23, 2010 3:37 PM | about stocks: SPY
    The Economic Cycle Research Institute, ECRI - a New York-based independent forecasting group, released their latest readings for their proprietary Weekly Leading Index (WLI) this morning. (More about ECRI)
    For the week ending July 16, 2010
    • WLI  stood at 120.7, unchanged from the prior week which was originally reported at 120.6
    • WLI growth fell to minus 10.5 percent from minus 9.8 percent a week ago, its lowest level since May 15, 2009, when it stood at minus 11.1 percent.
    This is a chart of the S&P500 (charts + Quote) vs ECRI's WLI from October 1, 2004 through July 23, 2010. 
     Click chart for full size image
    This is a chart of ECRI's WLI and WLI growth rate vs. GDP growth from October 1, 2004 through July 23, 2010.
      Click chart for full size image

    Data for week ending July 16, 2010:

    Indexes       Period   Level  Growth
    WLI, Weekly  7/16/10   120.7  -10.5%
    WLI, Monthly    6/10   121.1   -7.1%
    Note: The WLI for the week ending 7/23/10 will be released on 7/30/10.

    Disclosure:  I am long SPY (charts & quote) in my personal account and in the "Explore Portfolio" in  "Kirk Lindstrom's Investment Letter."

    Disclosure: Long SPY
    Stocks: SPY
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