Trucking tonnage and freight indices. Goods movement is the economy's pulse; freight recessions precede real ones.
What to watch: ATA tonnage; Cass Freight; spot truckload rates. It arrives monthly, and the effect typically lasts weeks.
It sits in tier 3 — Flows and mechanics: Moves prices without changing anything fundamental, on horizons from hours to weeks. Who is forced to buy or sell, and when. Ignore this tier and market moves will regularly look inexplicable.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.