Charting Last Week (8/24/20 - 8/28/20)

The North Star GDP Estimate for the second quarter is -4.19% year over year growth (-5.98% QoQ). The North Star GDP Forecast for the third quarter is at -1.87% year over year growth (16.97% QoQ) up from -2.73% last week. The GDP Forecast page on the tab above is updated periodically during the week.

The S&P 500 (SPY) has gone up five weeks in a row reaching new record highs. Bond prices were down for the week. The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.

The Leading Indicator for International Developed Markets (EFA) is at -5.08%. The Leading Indicator for International Emerging Markets (EEM) increased by .65% percentage points to 1.19%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security. Click here for more details.

These charts have limitations. Economic data is often revised after the fact. The market is forward looking and anticipates future events. The unexpected can and will happen. The market is continually changing. The conditions of the past are different from the present. Past performance is not an indication of future performance.

Charting Last Week (8/17/20 - 8/21/20)

The North Star GDP Estimate for the second quarter is -5.29% year over year growth (-16.94% QoQ). The North Star GDP Forecast for the third quarter is at -2.73% year over year growth (19.29% QoQ) up from -2.84% last week. The GDP Forecast page on the tab above is updated periodically during the week.

Weekly Initial Unemployment Claims increased by 135,000 to 1,106,000, bouncing back over one million. Stocks were mixed for the week while bond prices were up. The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.

The Leading Indicator for International Developed Markets (EFA) increased by .09% percentage points to -5.08%. The Leading Indicator for International Emerging Markets (EEM) is at 0.53%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security. Click here for more details.

These charts have limitations. Economic data is often revised after the fact. The market is forward looking and anticipates future events. The unexpected can and will happen. The market is continually changing. The conditions of the past are different from the present. Past performance is not an indication of future performance.

Charting Last Week (8/10/20 - 8/14/20)

The North Star GDP Estimate for the second quarter is -5.29% year over year growth (-17.00% QoQ). The North Star GDP Forecast for the third quarter is at -2.84% year over year growth (18.86% QoQ) up from -3.74% last week. The GDP Forecast page on the tab above is updated periodically during the week.

Weekly Initial Unemployment Claims decreased by 228,000 to 963,000, the first time since March that claims were under one million. Stocks were up for the week while bond prices were down. The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.

The Leading Indicator for International Developed Markets (EFA) increased by 2.16% percentage points to -5.17%. The Leading Indicator for International Emerging Markets (EEM) is at 0.53%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security. Click here for more details.

These charts have limitations. Economic data is often revised after the fact. The market is forward looking and anticipates future events. The unexpected can and will happen. The market is continually changing. The conditions of the past are different from the present. Past performance is not an indication of future performance.

International Leading Indicators - August 2020

The Leading Indicator for International Developed Markets (EFA) is at -5.17% and is 2.15% percentage points higher than last month. The Leading Indicator for International Emerging Markets (EEM) is at 0.53%.

The OECD released their Leading Indicators for most major countries on Monday. 15 of the 20 countries in the Developed Markets had increasing Leading Indices. The Leading Indices increased for 12 out of 15 countries in the Emerging Markets. When available, I have averaged the indicators with the Conference Board's Leading indicators to create a composite for each country. I created Leading Indicators for International Developed Markets (EFA) and International Emerging Markets (EEM) by weighting each country's growth rate by the market share of each country's stocks in the respective funds. On the last chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for various countries.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security.   Click here for more details.

Furthermore, these charts have limitations.  Economic data is often revised after the fact.  The market is forward looking and anticipates future events.  The unexpected can and will happen.  The market is continually changing.  The conditions of the past are different from the present.  Past performance is not an indication of future performance.

Charting Last Week (8/3/20 - 8/7/20)

The North Star GDP Estimate for the second quarter is -5.21% year over year growth (-22.46% QoQ). The North Star GDP Forecast for the third quarter is at -3.74% year over year growth (17.24% QoQ) down from -3.31% last week. The GDP Forecast page on the tab above is updated periodically during the week.

Stock and bond prices were up for the week. The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.

The Leading Indicator for International Developed Markets (EFA) -7.33%. The Leading Indicator for International Emerging Markets (EEM) increased by 0.23% percentage points to 0.01%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security. Click here for more details.

These charts have limitations. Economic data is often revised after the fact. The market is forward looking and anticipates future events. The unexpected can and will happen. The market is continually changing. The conditions of the past are different from the present. Past performance is not an indication of future performance.

Charting Last Week (7/27/20 - 7/31/20)

The North Star GDP Estimate for the second quarter is -6.26% year over year growth (-22.46% QoQ). The North Star GDP Forecast for the third quarter is at -3.31% year over year growth (18.80% QoQ). The GDP Forecast page on the tab above is updated periodically during the week.

Stock prices were mixed for the week while bond prices were up. The market took a record decline in GDP in stride. GDP for the second quarter was down 9.54% year over year and down 32.90% quarter over quarter at an annualized rate. The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.

The Leading Indicator for International Developed Markets (EFA) -7.33%. The Leading Indicator for International Emerging Markets (EEM) increased by 4.13% percentage points to -0.22%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.

All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security. Click here for more details.

These charts have limitations. Economic data is often revised after the fact. The market is forward looking and anticipates future events. The unexpected can and will happen. The market is continually changing. The conditions of the past are different from the present. Past performance is not an indication of future performance.