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QVMS - Weekly Indicators: Commodities And Shipping Backlog Edition
Invesco S&P SmallCap 600 QVM Multi-factor ETF
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.
Although there were several changes this week, all time frames remain positive.
Additionally, with regard to oil, other commodities, and shipping bottlenecks, this series did exactly what it was designed to do: i.e., give nearly real time notice of a change in trend weeks before major financial publications noticed it.