Weekly Leading Index Rises
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ECRI’s U.S. Weekly Leading Index (WLI) rose to 153.4, a record high. The growth rate increased to 25.6%, a 593-week high.
ECRI has long determined business cycle and growth rate cycle chronologies for 22 countries that can be freely accessed here.
The WLI is one of many ECRI U.S. leading indexes, including some with longer leads over cyclical turning points in economic growth.
Please see below for public statements ECRI has made about our cyclical outlook:
“You have an upturn call just as we had in the summer of ’16, which is the left-hand side of the chart,” said Achuthan. “You can see those have some staying power, and regardless of the headline narratives, they persist.” More here: https://t.co/RloBtZ2qiy pic.twitter.com/RSKPAfz2KO
— Lakshman Achuthan (@businesscycle) March 16, 2021
The 10-year yield’s run is not yet over, says economic researcher Lakshman Achuthan @businesscycle. More on his inflation warning here: https://t.co/zk2a6EXqW3 pic.twitter.com/jvLd6Gklae
— Trading Nation (@TradingNation) March 11, 2021
Six months ago, ECRI clients got the heads-up about the inflation cycle upturn that's all the buzz these days. Read more here: https://t.co/FPEytVCPSO pic.twitter.com/lraCju7abj
— Lakshman Achuthan (@businesscycle) March 9, 2021
For a quick glance at the WLI’s recent performance, please see the chart below.
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