Checking in on higher-frequency economic indicators
Weekly metrics
The weekly economic index has been out of wack since the pandemic started but is starting to trend back to reality:
In terms of financial stress - that’s been basically nonexistent:
And, that’s confirmed by another stress / conditions index:
Banks (which have some smart people working for them) are releasing the reserves they set aside during the pandemic, meaning they also see most of the economy’s problems as behind us and less stress ahead:
That’s great and all but for things the average person cares about, like for example gas prices, those are trending in the wrong direction:
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