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:
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All index and market data from FactSet and MarketWatch.
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