SSO - Weekly Indicators: Deterioration Spreading Among Short Leading Indicators

• 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.
• There were more downgrades in several time frames this week.
• In particular, a number of short leading indicators have deteriorated close to the point of turning negative.
• Still, barring a true Oil Shock, the primary time of danger appears to be next year rather than the immediate future.

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