The following resources/references is a compilation of where I draw information on to paint the Economic Pulse and Momentum of the market.
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Toned down version from the first edition, solid understanding to the KEY economic news to watch and how it applies to the overall big picture.
The fear and greed index (7 indicators) was developed by CNNMoney to measure on a daily, weekly, monthly, and yearly basis two of the primary emotions that influence how much investors are willing to pay for stocks.
The Conference Board Leading Economic Index® (LEI)
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
Representing Market Capitalization of nearly 18% of the S&P-500, these 5 stocks and Index clearly impact or are impacted by overall economic data.
While there are major conglomerates owning various brands the 11 billion dollar consumer good and food companies controlling over 400 major brands, these companies clearly impact or are impacted by the overall economy.
Valuable resources for obtaining upcoming economic releases and data with explanation of impact.
The Weekly Economic Index (WEI) provides a signal of the state of the U.S. economy based on data available at a daily or weekly frequency. It represents the common component of ten different daily and weekly series covering consumer behavior, the labor market, and production. It is updated Tuesday and Thursday at 11:30 a.m., using data available up to 9:00 a.m.
The AAII Investor Sentiment Survey has become a widely followed measure of the mood of individual investors. The weekly survey results are published in financial publications including Barron’s and Bloomberg and are widely followed by market strategists, investment newsletter writers and other financial professionals.