Now that I have you all excited about the rest of this message, my challenge is how to copy and paste all of the charts, etc., without you scrolling down and shouting "MARTY, YOU'VE GOT TO BE *!#%^G KIDDING ME!" at your computer screen.
So here's what I'm going to do: I'm going to offer you the title of each data point and highlight it green, yellow or red, denoting the signal that the chart is presently sending about the economy and, in some instances, the present state of the equity market. Some titles will make perfect sense to you in terms of meaning, others may not. Should you desire any clarity whatsoever on some or all of the following, please don't hesitate to shoot me an email and I'll be more than happy to provide what goes with the title:
LAST CHECK: 11/16/16
ONLINE RETAILAUTO SALES
HOUSEHOLD NET WORTH
CONSUMER DEBT SERVICE RATIO
WEEKLY MORTGAGE PURCHASE APPS
NAHB INDEX (HOMEBUILDER OPTIMISM)
WEEKLY JOBLESS CLAIMS: Sub-300k for months...
INVENTORY TO SALES RATIO
CORPORATE FINANCING GAP
CORPORATE AND INDUSTRIAL LOANS
COMMERCIAL PAPER ISSUANCE
COMMERCIAL PAPER RATES:
NFIB SMALL BUSINESS OPTIMISM INDEX:
NFIB HIRING PLANS INDEX
NFIB CAPITAL EXPENDITURE PLANS INDEX
CHEMICAL ACTIVITY INDEX
2-YEAR TREASURY/FED FUNDS SPREAD
10-YEAR SWAP SPREAD
3-MONTH LIBOR/FED FUNDS SPREAD
THE 12-MONTH LIBOR/FED FUNDS SPREAD
HIGH YIELD CREDIT SPREAD
CHICAGO FED FINANCIAL CONDITIONS INDEX
ST LOUIS FED FINANCIAL STRESS INDEX
KANSAS CITY FED FINANCIAL STRESS INDEX
INFLATION BREAKEVENS (tip spreads) (8 year+ up from last look. Slightly lower on the shorter end)
ATLANTA FED GDP NOW
THE INDEX OF LEADING ECONOMIC INDICATORS
ECONOMIC SURPRISE INDICES
US, EZ, CHINA, JAPAN, EM
INDUSTRIAL MATERIALS PRICES:
SCRAP STEEL PRICE
THE BALTIC DRY INDEX
NYSE SHORT INTEREST
MARGIN DEBT (09/2016)
PUT/CALL RATIO: 0.51
PUT/CALL MOVING AVERAGE (SIGNAL)
Yes, that's a friendly color scheme. But, please, make no mistake, many of those stats are volatile and subject to abrupt change (mortgage apps, for example) -- which is why I update them weekly. The accompanying charts (which I'm happy to send to you upon request) speak to the longer-term trend in each.
Per the above, as well as my recent commentaries, the setup looks decent to me going forward. Although, I can't stress enough, the economy and the financial markets are subject to a literally uncountable array of forces, which requires that we remain forever diligent, patient and well diversified.
Have a great weekend!