Bespoke Summary of Economic Indicators

Bespoke put together a great summary of economic indicators that is definitely worth the look.  The summary compares various economic points from where we are today vs. a year ago.

From our view this is how we interpret the current data vs. a year ago

• Manufacturing - Down
• Employment - Mixed/To Up
• Housing - Up
• Inflation - Down
• Consumer - Mixed/To Down

However if you look at the very bottom of the summary in the "Total" row, you will see that the net number of indicators has been negative for the past 4 more in a row.  What we see in this data is how disconnected the stock market is from the real economy.  One likely reason for the disconnect are the actions of the Fed in keeping interest rates artificially low and flooding the markets with liquidity.

Sooner or later the markets and the economy will sync up which will likely lead to a major correction in the equity markets.

Click on this link to see the full Bespoke summary with all of the detailed reports and data.