Today's economic news in the US shows once again, the economy is in no danger of a recession

Jay Soloff

Argonath Financial

Today's economic news in the US shows once again, the economy is in no danger of a recession. The Chicago Fed National Activity Index - a weighted average of 85 indicators - rose from +0.47 in September from -0.25 in August. More importantly, the 3-month moving average (the preferred metric for this series) climbed from +0.16 to +0.25. Keep in mind, only values below -0.70 show an increased likelihood of recession. Meanwhile, jobless claims climbed 17,000 last week, but are still at a very reasonable 283,000 - close to a 14 year low. The 4-week moving average also dropped 3,000 to 281,000, the lowest level since May 2000. Basically, the US seems to be resilient in the face of a global slowdown, at least for now. (VIEW LINK) (VIEW LINK)


Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

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