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BullandBearWise Index rose to 50.75 this week
BullandBearWise Index rose to 50.75 this week
The upward revision in Gross Domestic Product (GDP) pushed the BullandBearWise Index up this week.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 25, 2005 --
The BullandBearWise Index ranks the importance of 32 economic and financial indicators and assigns them a status of “Bullish” or “Bearish.” For the latest period, the revision in Gross Domestic Product (GDP) added an unweighted value of 3 to the Index.
The Consumer Price Index (CPI) became bullish adding an unweighted value of 3 to the Index, but was offset by the drop in Durable Goods.
The rise in Initial Jobless Claims trimmed an unweighted value of 2 from the Index.
For the week, the cumulative change from these indicators was plus one, resulting in the Index rising to 50.75.
“Last week’s strong rise in the Producer Price Index (PPI) along with a more moderate rise in the Consumer Price Index (CPI) means profit margins are going to get squeezed,” said Peter Duray-Bito, owner of BullandBearWise.com
The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5.
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