Hitting the Slopes

Hitting the Slopes

  For this week’s Indicator Insights, we highlight a price-based indicator that measures the intermediate-term trend of the stock market. Specifically, it measures the 126-day (6-month) moving average of the S&P 500 stock market index, shown as the orange...
The Trend Tires Out

The Trend Tires Out

  When you look at a graph of the stock market, or, more specifically, an index of stocks—like a global stock market index—you notice that it tends to travel in trends over time. Sometimes it trends up, and sometimes it trends down. Coming out of the pandemic...
Not So Cheap Labor

Not So Cheap Labor

  For this week’s indicator, we focus on nonfarm unit labor costs. The biggest expense for most businesses is labor. And one way to measure the cost of labor is by looking at unit labor costs, or how much a firm pays its workers to produce one unit of output. In...