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)
Data for week ending July 16, 2010:
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
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 GrowthNote: The WLI for the week ending 7/23/10 will be released on 7/30/10.
WLI, Weekly 7/16/10 120.7 -10.5%
WLI, Monthly 6/10 121.1 -7.1%
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