From The Big Picture:
While everyone awaits GDP data this morning, why don’t we look at the best economic gauge you have never heard of:
It doesn’t appear on any economic calendars that I’m aware of. It flies under just about everyone’s radar. Technically, it’s not a data point itself but a weighted amalgam of 85 other distinct economic data points, an all-in-one look at the United States economy.
And it does an excellent job of tracking the economy’s health.
It’s the...
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