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.
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4 comments:

  1. septizoniomJanuary 13, 2011 at 4:53 PM

    why do you write this blog?

    ReplyDelete
  2. BillJanuary 13, 2011 at 6:32 PM

    Septizoniom,

    To annoy you. :)

    ReplyDelete
  3. JohnJanuary 14, 2011 at 8:56 AM

    Septi,

    Why do you read it?

    ReplyDelete
  4. Benjamin ColeJanuary 14, 2011 at 9:36 AM

    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.

    ReplyDelete