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Economic Sentiment Indicator, ESI, Moves Lower Dow Jones Economic Sentiment Indicator |
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August 1, 2013: According to Kathleen Madigan1, On July 31, 2013, the July reading for the Dow Jones Economic Sentiment Indicator, ESI, fell from June's 6-year high. ESI is reported on a scale of 0 to 100 with higher numbers represent increasingly positive sentiment. "The Dow Jones Economic Sentiment Indicator fell to 51.4 in July, after it jumped to 54.9 in June, its highest reading since July 2007. The July reading is the lowest since April.. |
The ESI is determined by a proprietary, in-depth sentiment analysis of national news coverage across 15 daily newspapers.
"The economic sentiment indicator is designed to project the health of the U.S. economy by analyzing coverage of 15 major American newspapers, using a proprietary algorithm to look for positive and negative sentiment about the economy in every article. The ESI is reported on a scale of 0 to 100; higher numbers represent increasingly positive sentiment. Dow Jones selected the 15 newspapers used to compile the indicator because they include extensive original reporting on economic issues. They are also geographically diverse and represent eight of the 10 largest metropolitan areas in the U.S."
"The Dow Jones Economic Sentiment Indicator is provided for analysis purposes only and Dow Jones makes no representation that the indicator is a definitive predictor of sentiment or the health of the U.S. economy. This report doesn't in any way reflect an opinion of Dow Jones regarding the U.S. economy or the suitability of any investments." Make sure you read my article: Winning On The Zigs, Losing On The Zags <<== |
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Note 1: NASDAQ Article: ESI July Economic Sentiment Index Falls Back from 6-Year High in June Disclaimer: The information contained in this seb site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2013 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |