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Lewis, Mertens, Inventory Weekly Financial Index (WEI) is down 1.1 ppts, whereas Baumeister, Leiva-Leon, Sims Weekly Financial Circumstances Indicator (for deviation from development progress) is down 0.7 ppts.
Determine 1: Lewis, Mertens, Inventory Weekly Financial Index (blue), and Baumeister, Leiva-Leon, Sims Weekly Financial Circumstances Indicator for US (tan), all y/y progress charge in %. Supply: NY Fed through FRED, WECI, accessed 10/31, and creator’s calculations.
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