LPL Street View: Message In A Bottle

Market Blog

Thursday, February 11, 2021

A plethora of economic statistics exist that judge and measure economic progress and output.  Some measures are considered leading indicators in that they help predict or forecast future economic changes.  In addition, some are lagging by confirming an economic view of the world.  Moreover, some economic data can be seen as being coincident, meaning that they reflect the current economic state.

“There are many great economic indicators,” according to LPL Chief Investment Officer Burt White.  “From small business confidence to retail sales to employment data, but I would offer up two that I believe shed outsized illuminations on our economy. They are railroad/truck traffic and housing.”

Burt discusses his thoughts on his two favorite economic indicators to gauge the US economy below, as well as provides an explanation on why one of the two is preferred:




This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

All index and market data from FactSet and MarketWatch.

This Research material was prepared by LPL Financial, LLC.

Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).

Insurance products are offered through LPL or its licensed affiliates.  To the extent you are receiving investment advice from a separately registered independent investment advisor that is not an LPL affiliate, please note LPL makes no representation with respect to such entity.

  • Not Insured by FDIC/NCUA or Any Other Government Agency
  • Not Bank/Credit Union Guaranteed
  • Not Bank/Credit Union Deposits or Obligations
  • May Lose Value

For Public Use – Tracking 1-05110621