The rise in the Housing Market Index moved the BullandBearWise Index higher this week.
May 20, 2005 (Press Release) --
The BullandBearWise Index ranks the importance of 32 economic and financial indicators and assigns them a status of “Bullish” or “Bearish.” For the latest week, the rise in the Housing Market Index, Housing Starts and a drop in Initial Jobless Claims added an unweighted value of 6 to the Index. The drop in Industrial Production and Capacity Utilization subtracted an unweighted value of 5 from the Index.
During the week, The Consumer Price Index (CPI), Producer Price Index (PPI) and Money – Zero Maturity releases remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 1, resulting in the Index rising to 46.27.
“This week’s releases are a poster child for the state of the American economy,” said Peter Duray-Bito, owner of BullandBearWise.com. “Rising real estate is outpacing industrial production.”
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.
During the week, The Consumer Price Index (CPI), Producer Price Index (PPI) and Money – Zero Maturity releases remained on-trend and did not affect the BullandBearWise Index.
For the week, the cumulative unweighted change was plus 1, resulting in the Index rising to 46.27.
“This week’s releases are a poster child for the state of the American economy,” said Peter Duray-Bito, owner of BullandBearWise.com. “Rising real estate is outpacing industrial production.”
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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