A high-frequency proxy for consumer spending
A high-frequency proxy for consumer spending: Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch
Recession-wary investors are watching gasoline demand for clues to consumer health
“Gasoline demand is being closely watched as a high-frequency proxy for consumer spending,” said Tyler Richey, co-editor at Sevens Report Research.
“Keeping an eye on the weekly gasoline supplied figure as a proxy for consumer demand for gasoline will be critical, especially relative to its four-week moving average to gauge the underlying trend in fuel demand, and compared with prior year’s levels for the corresponding reporting week,” Richey said.
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