Favorite Non-Conventional Indicator
Doing a project on Indices or not commonly used indicators that are correlated with markets or forward-looking indicators of markets. (ie Ballpark indicator, Big Mac Index, Lipstick Indicator).
What are your favorite or just the most interesting indicators/index you've heard of?
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Bloomberg's Cafe Con Leche index.
You have to love its slogan: Tracking Hyperinflation One Cup of Coffee at a Time.
https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/…
None of these indicators is ever really correct in a way that can be used for prediction. If they were actually useful, there would be a lot of very rich people made from them. You can construct a bull or bear argument on any given day in history if you cherry pick data, even unintentionally. These indicators are complete wastes of time, tbh. Even the inverted yield curve--the gold standard of economic indicators--proved this time around to be a worthless indicator as the U.S. economy continued apace until Covid.
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