QQEW - Weekly High Frequency Indicators: Calm Before The Category 5 Constitutional Hurricane?

• High frequency indicators can give us a nearly up-to-the-moment view of the economy.
• The metrics are divided into long-leading, short-leading, and coincident indicators.
• All three time frames remain very positive, as they have been for the past month or better.
• There has been no decisive downturn in consumer spending despite the expiration of emergency benefits.
• But for the first time, political risk must be mentioned as a factor in the near-term picture.

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