The economic indicators that work, and the heavily followed ones that don't
Posted on August 27, 2012 at 16:27 PM EDT
Three widely used economic figures are not good at predicting where the U.S. economy is headed next, says BlackRock's Russ Koesterich. Here are two that work: Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.