-
Improving the McKelvey Recession Indicator, No False Negative or Positive Signals
Adding the job vacancy rate to the McKelvey (Claudia Sahm) recession signal eliminates false negatives and false positives, and provides a much faster signal than Sahm. chart This idea was one of the things Adam Taggart and I discussed last week on Thoughtful Money, posted today. tweet Credit for the indicator goes to McKelvey for the original idea, and importantly to Pascal Michaillat and Emmanuel Saez for the second signal. I will refer to the pair and the improvement as PMES, their initials. Also, and I cannot emphasize this enough, credit goes to Regis Barnichon for the data and idea used by PMES and me in ... (full story)
- Comments
- Subscribe
-
- Older Stories
From youtube.com/cmegroup|Aug 21, 2024The British Pound has now rallied for five consecutive sessions. Bob Iaccino has more data.
From forex.com|Aug 21, 2024|2 commentsCanada’s Retail Sales report showed a larger-than-expected decline in May, with household spending falling 1.3% following the 1.7% rise the month prior. A deeper look at the ...
From bnnbloomberg.ca|Aug 21, 2024|1 commentTraders trying to buy the dip on Mexico’s peso can’t catch a break. Local politics, the dismantling in so-called carry trades and concerns about the US economic and political ...
-
- Newer Stories
From scotiabank.com|Aug 21, 2024|2 commentsAnnual US nonfarm payroll revisions were released just after 10:30amET and recorded the second biggest downward revision to the reported level of nonfarm payrolls on record since ...
From bnnbloomberg.ca|Aug 21, 2024Australia’s second-best performing hedge fund is profiting from greater market swings during earnings seasons, saying investment bank research has failed to track the ups and ...
From pmi.spglobal.com|Aug 21, 2024Business activity in Australia’s private sector returned to growth in August, underpinned by rising services activity. Overall new orders also rose while employment growth ...
- Story Stats
- Posted: Aug 21, 2024 4:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,729
