Our Economic Indicator Diffusion Index (shown below) measures the pace at which indicators are coming in ahead of (or below) estimates over a 50-day period, and it provides a nice illustration of how the economy is playing out compared to expectations. Positive readings indicate an economy surprising to the upside, while negative readings are representative of an economy failing to live up to expectations.
In this month's update, we saw an important shift in this indicator that could make a big impact on the performance of equities for the remainder of the year. Clients that wish to view this month's report can click on the link below. If you are not currently a Bespoke Premium member and wish to subscribe, sign up today to receive access.