Chicago Fed National Economic Activity Index In Steep Decline
The Chicago Fed National Activity Index vs. SPX
From the FED:
"A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth."
We can clearly see (despite certain people thinking that fundamentals don't matter or the stock market doesn't have anything to do with the economy, that there is strong correlation between this index and the performance of equities.
In fact, despite the so-called "reflation trade"... the national activity index is continuing to decline strongly.
The symbol for the National Activity Index is "FRED/CFNAI"
Have fun. Draw your own conclusions.
From the FED:
"A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth."
We can clearly see (despite certain people thinking that fundamentals don't matter or the stock market doesn't have anything to do with the economy, that there is strong correlation between this index and the performance of equities.
In fact, despite the so-called "reflation trade"... the national activity index is continuing to decline strongly.
The symbol for the National Activity Index is "FRED/CFNAI"
Have fun. Draw your own conclusions.