Saturday, January 18, 2020

Macro Highlights

Just finished the weekly scoring of our macro data, no video this week, just the highlights.

Despite some decent headline releases during the week, our overall U.S. macro score dipped slightly further into to red; now reads -7.41.

Click each insert below to enlarge...

Interestingly, our brick and mortar retail component went from yellow (zero) to green (+1), while online retail went from green (+1) to yellow (zero):   


Our 3 small business sentiment components each went from green to yellow:

Optimism:


Hiring Plans:


Capex Plans:



Industrial materials prices went from yellow to green:


The Atlanta Fed GDP Nowcast (dropping from 2.4 to 1.8) went from green to yellow:


Other items worth noting, but didn't change scores, were the impressive rise in housing starts (already green):


A further decline in industrial production (already red):


And a concerning decline in job openings (our jobs components continue to read yellow):


Bottom line, U.S. data in the aggregate are the definition of mixed, with a slight downward bias overall.



As for the rest of the world, the same.

Our updated global macro scores:














No comments:

Post a Comment