Guest Post: Charts Of The Day: The Economic Recovery Story
January 19, 2013 - 5:31pm
Via Lance Roberts of StreetTalk Live, The market has been rallying over the last few weeks as the bulls have definitely taken charge in the New Year. Most of the recent analysis has pointed to signs of an improving economy and stronger employment as the driving force behind the advance. My view has clearly been that it has been the impact of the Fed's liquidity injections pushing asset prices higher. The charts of the day show two different aspects of the current economic environment from output to employment. The first chart is my economic output composite index. This index is comprised of the Chicago Fed National Activity Report, ISM Composite Index, several Fed Manufacturing Regional Surveys, Chicago PMI and the NFIB small business survey. This is a very broad economic composite index covering the entire country. While this index has ticked up slightly p...
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