What you're not hearing about Omicron and the most important chart in economics

Monday, December 27, 2021
Donald L. Luskin

The TrendMacro Social Distancing Index makes a new post-lockdown low, despite Omicron fear-mongering.

Update to Strategic View

The TrendMacro Social Distancing Index based on cell-phone mobility data has made new post-lockdown lows for the last four days, lower than the pre-Delta low in March 2021. This indicates that, as we predicted, the economy would continue to re-open despite the Thanksgiving Omicron scare and continuing frantic media fear-mongering. US equities are on track to reach our target of a +30% year, and Q4-2021 real GDP is on track for 7% SAAR. There is still room for improvement in the SDI, back to the pre-Covid low in March 2020.