Last Index for 2020
The last Lewis-Mertens-Stock Index reading for the year. Still negative, progress has stalled, and the incoming administration has many battles to fight. Unraveling this mess will take time and test patience.
(The WEI is a composite of 10 weekly indicators: Redbook same-store sales, Rasmussen Consumer Index, new claims for UI, continued claims for UI, adjusted income/employment tax withholdings, railroad traffic originated, the American Staffing Association Staffing Index, steel production, wholesale sales of gasoline, diesel, and jet fuel, and weekly average US electricity load.