SPXT - Weekly Indicators: All Time Frames Remain Positive Despite Supply Chain Pressures

• 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.
• Commodity and transportation prices continue to soar.
• Despite this, the long leading, short leading, and coincident time frames all remain positive.
• In particular, while there is evidence of deceleration in growth in manufacturing, it has not advanced anywhere close to a recessionary signal at this point.

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