- 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.
- Q2 corporate profits have continued to soar compared with previous estimates.
- This, plus lower long-term interest rates, means the long leading forecast has improved.
- Meanwhile the immediate future remains confounded by the exponential rise in Delta variant COVID cases, while fear has driven an increase in new vaccinations.
For further details see:
Weekly Indicators: Q2 Corporate Profits Soar, Long-Term Interest Rates Decline Further