As I prepare for each of my Spader Business Management 20 Group meetings, I look over a set of economic indicators that I believe are indicative of how the economy is functioning and how it’s expected to perform. I’ve assembled this list last over the last 5 years, and continue to add to it as the need arises. Much of this data comes from the Federal Reserve District of St. Louis, affectionately referred to as the FRED. A few pages also contain content from other sources.
The other cool trick I’ve learned over the years is to leverage the power of Google Sheets to track these metrics, and to keep them updated. Using some of the G-Sheet’s functionality makes it easy to incorporate content from multiple sources.
Here is the link to the FRED indicators that I keep an eye on. There are multiple tabs located at the bottom of this sheet, and as you open each tab the sheet will pull fresh content for that metric. I have also included some notes a few of these items relating to their importance.
I also have a basket of stocks that I like to track. This includes the major market indices, and other groups of stocks related to the RV, Powersports, Marine, Auto, and Aviation sectors. This is not investment advice, I just find it interesting to gauge the market’s current sentiment to each of these industries. If you see any major tickers that I missed, shoot me an email and I’ll be glad to add them.
There is no doubt that the rest of 2022 is going to remain volatile. If we do enter another recession, the big difference between this one and prior recessions is that most dealers will go into them with limited quantities of inventory. With interest rates on the rise, for most dealers this is a good thing.
What metrics do you watch?
#Fed #FRED #Marine #Powersports #RV #Economy #Recession