Thursday, August 5, 2010

Economic Data Trends in Advance of Nonfarm Payrolls

A little over a month ago, in Trends in Economic Data Relative to Expectations, I first posted a slightly different version of the chart below on the blog. The chart turned out to be a surprise hit, so this time around I am updating the data (a proprietary methodology in which I evaluate the performance of key economic data releases relative to consensus expectations) as well as adding the S&P 500 index as a beige area graphic.

In terms of takeaways, deteriorating employment and consumer data continue to drag down the economic recovery. Manufacturing, which was an area of strength early in the year, has more recently become a source of weakness. In terms of strength, I continue to be surprised that the aggregated construction and housing numbers are better than consensus estimates.

For additional details on the data included in each grouping, refer to the link above.

For more on related subjects, readers are encouraged to check out:


Disclosure(s): none

blog comments powered by Disqus
DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party. All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make. No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2023 Bill Luby. All rights reserved.
 
Web Analytics