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The Ceridian/UCLA Pulse of Commerce Index rose meaningfully in December, more than reversing the weak growth which we now know reflected a third quarter "soft patch." I show both the actual index (red) and the 3-mo. moving average here. The Index is based on diesel fuel consumption, and you can find more background color in Mark Perry's post here.
4 comments:
why do you write this blog?
Septizoniom,
To annoy you. :)
Septi,
Why do you read it?
Hot dang! Dow up again today...count down to 12,000 I say.
When the Dow crosses 12,000, I think we see a lot more investor optimism.
The job numbers are still dumpy, but if we can keep adding to employment rolls, they will get better over time.
I see a rally with more legs than a centipede. This rally could last for years.
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