Over the past number of years there has been a deluge of new data sources. Investors no longer have to wait for company earnings or government statistics to get a sense as to what the economy is doing.
This higher frequency data can help in providing an informational edge and generating portfolio insights. Whether or not that edge is still there when it’s become available to your average Joe with a Bloomberg, is another story.
Regardless, we do find it useful to help track economic activity, identify trends and pattern and gauge market dislocations.
To begin, we’ll look at some of the more interesting and relevant datapoints to reveal just how far along the path to normal we are and try to better understand how the reopening process is playing out.
It shouldn’t be a surprise that alternative data continues to maintain its upward course in America; but has taken a U-turn in Canada. Renewed lockdowns in many provinces is making…