It frustrates me when I turn on the news and hear newscasters play up one data point in their newscasts when they talk about the economy, ignoring many other factors. That isn’t fair, and it doesn’t tell the whole story. Some economic data points are negative, there’s no way around it. But others are good and you have to look at a broad range to get the real story of what’s happening with our economy.
This is why today I want to dive deep into 10 economic indicators that, when looked at together, will give a real view of what’s happening in the economy and what it means for the rest of the year.
1. Consumer Confidence Plunges, Spending Remains High
2. Falling Exports Propel Trade Deficit to 3-Year High
3. New Home Sales Continue to Flag
4. Thanks to Verizon Strike, Jobless Claims Rise 5K
5. Durable Goods Orders Rebound 4% From June’s Dip, a Small Victory
6. Revised GDP Has Messy Headline Growth, But Encouraging Details
7. Consumer Sentiment Index Up from First Reading, Down from July
8. FOMC Pledges to Keep FFR Low, Stocks Boom.
9. Jobless Claims Fall to 395K, Lowest in 4 Months
10. Strong Retail Sales Growth Rounds Ends Roller-Coaster Week
By Louis Navellier, Editor, Blue Chip Growth