- by New Deal democratStill no important economic news yet this week, so let’s take a look at something I haven’t updated in awhile: the Quick and Dirty economic indicator of stock prices vs. new jobless claims.Both metrics are short leading indicators, although historically stock prices have been more leading (3-9 months) than jobless claims (roughly 2-3 months). Both have the advantage of being updated daily or weekly, so we don’t have to wait a month for each update. If they are both going in the same direction (i.e., positive or negative) it’s a pretty good proxy for the overall direction of the economy in the months to come.Here is the historical view of the actual readings of two stock market indexes - the Wilshire 5000 Total Market Index (blue) and the S&P 500 (green), plus the
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- by New Deal democrat
Still no important economic news yet this week, so let’s take a look at something I haven’t updated in awhile: the Quick and Dirty economic indicator of stock prices vs. new jobless claims.