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