- 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 are two dynamics - two pincers - acting on the economic indicators. On the long end, the Fed is tightening.
- On the short end, the Russian invasion of Ukraine, and its economic fallout, are affecting commodities and credit markets.
- As a result, the long leading forecast is neutral, and the coincident and short leading timeframes are weaker as well.
For further details see:
Weekly Indicators: Caught In The Pincers