Long term readers will note that the CAB was a very early indicator coming out of the 2008-09 crisis and has maintained is predictability powers since. It bears VERY close watching now also.
“Davidson” submits:
The Chemical Activity Barometer(CAB) is lower as expected with the COVID-19 shutdown. This will be one of the early economic indicators once the economy is permitted to reopen. Another indicator will be the weekly unemployment claims which reached levels never seen in the history of this series. As businesses reopen, initial claims should drop as sharply as employees return to work.
