Chicago Fed National Activity Index (Musical Tribute)

The following chart shows the 3-year moving average of the Chicago Fed National Activity Index. I have added a 2nd order polynomial trend channel in red.


Click to enlarge.

Gotta love optimism. Assuming that the trend channel holds (might not), then we definitely live in the best of all possible worlds right now. We're hugging the top of that declining channel like glue. Yay.



See Also:
Sarcasm Disclaimer
Trend Line Disclaimer
Where am I going and why am I in this handbasket?

Source Data:
St. Louis Fed: Chicago Fed National Activity Index