Thursday, January 13, 2011

Pulse of Commerce Index jumps


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:

septizoniom said...

why do you write this blog?

Bill said...

Septizoniom,

To annoy you. :)

John said...

Septi,

Why do you read it?

Benjamin said...

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.