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S&P 500
Forbes
14 hrs

Forget BLS. Here's How To Take The Economy's Temperature Without Using Government Data

1. Trump's ousting of BLS Commissioner raises questions on data reliability. 2. E.J. Antoni’s nomination could politicize critical economic statistics. 3. Alternative economic indicators have emerged amidst trust concerns in official data. 4. ADP payroll data, Truflation, and other metrics offer different economic perspectives. 5. Indicators like the Lipstick Effect reflect consumer sentiment and spending patterns.

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FAQ

Why Bearish?

Loss of credibility in official economic data can lead to market uncertainty, reminiscent of past political controversies affecting investor confidence.

How important is it?

The article addresses significant trust issues in economic data that can influence policy and market reactions, particularly impacting S&P 500 performances.

Why Short Term?

Immediate concerns over data integrity and economic signal distortion could impact market reactions in the near term.

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