ISCV - Weekly Indicators: Red Hot Wages And Commodities Retreating Omicron

• High frequency indicators can give us a nearly up-to-the-moment view of the economy.
• The indicators are divided up into long leading, short leading, and coincident timeframes.
• All sorts of commodities, including oil and industrial commodities, are making new highs.
• Additionally, YoY wage gains as reported in nonfarm payrolls are not just at or near 40 year highs, but have been accelerating. This will definitely attract the Fed’s attention.
• Meanwhile, Omicron is retreating as fast as it appeared. This will enable even more consumer spending.

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