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The ™

Independent Financial Forecasts Since 1997

Financial market research

Dendrogram Legend

Financial markets and the U.S. economy

Find the meaning and units of each indicator in the cluster-analysis dendrogram. All 104 chart labels are covered here, alongside the broader indicator reference list.

127 definitions, including all 104 chart labels.

Financial and economic indicator definitions
CodeIndicatorUnits
AAAAaa Corp BondsPercent
AUDUSD/Australian DollarRatio
BaaBaa-rated corporate bond yieldPercent
BABondSpreadBaa - Aaa bond spreadPercent
BaseSt. Louis Adjusted Monetary BaseBillion USD
BorrowCorpNonFinancial Corp Credit LevelBillion USD
BorrowFGFederal Government Public DebtBillion USD
BrentBrent crude oil priceUSD per barrel
BusDebtBusiness debtNot specified
CACFrench CAC 40, AvgIndex
CADCanadian Dollar/USDRatio
CHFSwiss Franc/USDRatio
CLFNSACivilian labor force, not seasonally adjustedThousand people
CNYChinese Yuan / USDRatio
CO2CO2ppm
CommIndLoanCommercial and industrial loansNot specified
CompNonfarm Business Sector Compensation Per HourIndex
CPIConsumer Price Index, NSAIndex
CPICoreNSACore CPI NSAIndex
CPISAConsumer Price Index, SAIndex
CreditConsTotal Consumer Credit OutstandingBillion USD
CreditLLTotal Loans and Leases at Commercial BanksBillion USD
CreditMarginNYSE Margin DebtMillion USD
CurrCurrency in CirculationBillion USD
DaxDax, AvgIndex
dGDPDefGDP Deflator YoY Percent ChangePercent
dGDPnNominal GDP Growth, YoY %Billion USD
dGDPrReal GDP Growth Rate, YoY %Percent
DJIADow Jones Industrial Average (DJIA), avg of monthIndex
dJobsChange in Payroll Employment, MoMThousand jobs
DJTDow Jones Transportation Average, Avg of MonthIndex
DJUDow Jones Utility Average, Avg of MonthIndex
DollarIndexU.S. dollar indexIndex
dSalesRetail Sales YoY ChangePercent
dSP500SP 500 YoY Percent ChangePercent
ERDEnergy Rate Densityerg/g/s
EU10YrEuro 10 Year BondPercent
EUM1Euro M1 Money StockBillion EUR
EUREuro / USDRatio
ExportsExports of Goods and Services (SAAR)Billion USD
FedFundFed Funds RatePercent
FTSEUK FTSE 100, AvgIndex
GasolineGasolineUSD/gallon
GBPUSD/GBPRatio
GDPDefGDP DeflatorIndex
GDPnUS Nominal GDP, SAARBillion USD
GDPrUS Real GDP Chained 2009 DollarsBillion USD
GoldLondon GoldUSD per troy ounce
GovtTotExpTotal US Government ExpendituresBillion USD
HKDHong Kong Dollar / USDRatio
HouseStartsHousing Starts, Total, SAARThousand units
HPIHouse Price IndexIndex
HSIHang Seng, AvgIndex
IIPIndex of Industrial Production (SA, 2007=100)Index
ImportsImports of Goods and Services (SAAR)Billion USD
InflationCPI Inflation Rate, YoY %Percent
INRIndia Rupee/USDRatio
IPCMexico IPC, AvgIndex
ISRatioRatio of inventory to sales: Total BusinessRatio
JobsNonfarm Payroll Employment (SA)Thousand people
JPYYen/USDRatio
KRWS Korea Won/USDRatio
LaborForceCivilian Labor ForceThousand people
Lib1m1 Mo. LIBORPercent
Lib1yr1 Yr. LIBORPercent
Lib3m3 Mo. LIBORPercent
Lib6m6 Mo. LIBORPercent
M1M1 Money StockBillion USD
M2M2 Money StockBillion USD
MortU.S. 30 Yr Mortgage RatePercent
MXNMexico Peso/USDRatio
N225Nikkei 225, AvgIndex
NASDAQNASDAQ Composite, avg of monthIndex
NetExpNet ExportsBillion USD
NGNatural Gas, Henry Hub, AvgUSD per million BTU
NRFIPrivate Nonresidential Fixed Investment (SAAR)Billion USD
NZDUSD/NZDRatio
OilConGlobal Oil ConsumptionMillion barrels
OilProdGlobal Oil ProductionMillion barrels
PCEPersonal Consumption ExpendituresBillion USD
PCECoreInfPCE Core InflationPercent
PCEPIcoreSACore Personal Consumption Expenditures Price Index (SA)Index
PCEPISAPersonal Consumption Expenditures Price Index (SA)Index
PerIncomePersonal Income (SAAR)Billion USD
PopU.S. PopulationThousand people
PPIProducer Price Index, All Commodities (NSA, 82=100)Index
PriceCommCommodity Price Index, Non Food, World BankIndex
PriceEnergyConsRetail Price of EnergyUSD per million BTU
PrimeU.S. Prime RatePercent
ProfitsCorporate Profits After Tax (SAAR)Billion USD
R1000Russell 1000, AvgIndex
R2000Russell 2000, Avg of MonthIndex
RetailElectricRetail electricity pricecents per kwhr
RFIPrivate Residential Fixed Investment (SAAR)Billion USD
SalesRetail & Food Service Sales (NSA)Million USD
SaveRatePersonal Savings RatePercent
SensexIndia BSE SensexIndex
SGDSingapore Dollar/USDRatio
SP100S&P 100, AvgIndex
SP500S&P 500, avg of monthIndex
SP500DivSP500 DividendsUSD per share
SP500DivYieldSP500 Dividend YieldPercent
SP500EarnSP500 Earnings (As Reported)USD per share
SP500PESP 500 Price-Earnings RatioRatio
SP500RangeSP500 RangeIndex
SP500VolSP500 VolumeShares
SPMC400S&P Midcap 400, Avg of MonthIndex
STISingapore Straits Times, AvgIndex
T10yr10 Year U.S. Treasury RatePercent
T1yr1 Year U.S. Treasury RatePercent
T20yr20 Yr TreasuryPercent
T2yr2 Yr US TreasuryPercent
T30yr30 Year U.S. TreasuryPercent
T3m3 Mo U.S. TreasuryPercent
T3yr3 Yr TreasuryPercent
T5yr5 Year U.S. Treasury RatePercent
T6m6 Mo U.S. TreasuryPercent
T7yr7 Yr TreasuryPercent
TslopeSlope of Treasury Yield CurvePercent
TSXCanada TSX Composite, AvgIndex
TUSUS TemperatureDegrees Fahrenheit
TWDTaiwan Dollar/USDRatio
UnrateCivilian unemployment ratePercent
USEnergyUS Energy ConsumptionQuadrillion BTU
VIXVolatility IndexIndex
W5000Wilshire 5000, AvgIndex
WTIWest TX Intermediate Crude Oil PriceUSD per barrel

The reference list includes all 104 dendrogram labels. “Not specified” means the original legend does not identify the units for that chart label.

Common abbreviations and units

SA
Seasonally adjusted
NSA
Not seasonally adjusted
SAAR
Seasonally adjusted annual rate
YoY
Year-over-year change
MoM
Month-over-month change
Avg
Average
USD / EUR
U.S. dollars / euros
BBL
Barrel
BTU
British thermal unit
Index
A series expressed relative to its reference base

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