Margins

SideObjectReadingLineOf the lineThroughNext
openactivity opener: the policy rate above its low of the prior 365 days, points (the FOMC target range's upper limit, FRED DFEDTARU)0.250.1250% past its lineNov 6, 2026Dec 9, 2026
openactivity opener: S&P 500 below its high of the prior 250 trading days, log percent, at the latest close5.8210.058%Nov 6, 2026Nov 9, 2026
opensurvey-week insured rate, rise above its 52-week low (branch W, line 0.4)0.20.450%Oct 1, 2026Nov 26, 2026
opensurvey-week insured rate, rise above its 52-week low (branch V, line 0.6)0.20.633%Oct 1, 2026Nov 26, 2026
opensudden stop: S&P 500 below its high of the prior twenty trading days, percent, at the latest close (the claims week reads the close before its release, the search week the day's close)5.512620.028%Nov 6, 2026Nov 9, 2026
openstate breadth, share of states with the insured rate 0.20 above its 52-week low0.0980.616%Oct 24, 2026Nov 12, 2026
openinsured rate, rise above its 52-week low (co-signed within 0.2 of the line)0.00.450%Oct 24, 2026Nov 12, 2026
openinsured rate, rise above its 52-week low0.00.60%Oct 24, 2026Nov 12, 2026
openhousehold co-signer: 3-month average unemployment rate above its 12-month low, as last published (signs a near-line insured-rate or claims proposal)0.00.20%Oct 1, 2026Dec 4, 2026
openSahm gap (three-month average unemployment rate above its twelve-month low, as it stood on the release day; it proposes only with the vacancy rate 0.25 or more off its 4-month high in two of the prior 12 months)0.00.36670%Oct 1, 2026Dec 4, 2026
openactivity opener: state breadth, the share of states with the insured-rate proxy 0.45 point above its twelve-month low, in the latest month public (the gate)0.00.330%Sep 2026Nov 21, 2026
openinitial claims, 4-week mean above its base (the higher of its 52-week low and 85% of its 5-year median), percent (co-signed within 15 of the line)-1.020460-2%Oct 31, 2026Nov 12, 2026
opensudden stop: one week of initial claims above the claims base, percent (fires with the S&P 500 20 percent under its 20-day high)-3.571435.0-10%Oct 31, 2026Nov 12, 2026
opensudden stop: the search week - 7-day mean of Google searches for "unemployment" above its base, percent (fires with the S&P 500 20 percent under its 20-day high at that day's close; known the next morning; the earliest term fires)-6.84435.0-20%Nov 5, 2026Nov 9, 2026
openactivity opener: industrial production as published, below its high of the prior twelve months, log points (one of four conditions, with the S&P 500 10 percent below its 250-day high, the policy rate 0.1 point above its 365-day low and state breadth at 33 percent; the cell and gate the causal walk from 1948 chose)-0.662.0-33%Oct 16, 2026Nov 17, 2026
closeinitial claims 3-week mean, drop from its 26-week maximum, log points16.42516.0274%Oct 31, 2026Nov 12, 2026
closecontinued claims 4-week mean below its 26-week maximum, log points5.69723.0190%Oct 31, 2026Nov 12, 2026
closerun of falling weeks3.03.0100%Oct 31, 2026Nov 12, 2026
closehump above the 52-week minimum, log points16.425120.082%Oct 31, 2026Nov 12, 2026
closeinsured rate 4-week mean below its 26-week maximum, tenths1.03.033%Oct 31, 2026Nov 12, 2026
confirmstarts x vacancy pair (starts 29 log points below their 12-month high and the vacancy rate 0.25 off its 4-month high; 1 = both)0.29231.029%Sep 1, 2026Nov 18, 2026
confirmvacancy rate, 4-month mean below its 4-month maximum (openings as they stood on the JOLTS release day)0.060.2524%Sep 1, 2026Dec 1, 2026
closeS&P 500 above its 26-week low on the release day, percent2.124515.014%Oct 31, 2026Nov 12, 2026
confirmhours pair (factory hours 2% off their 12-month high and nondurable jobs -1.2% over 3 months, as they stood on the release day; 1 = both)0.01.00%Oct 1, 2026Dec 4, 2026
confirmhousing x rate pair (starts or building permits 29 log points below their 12-month high, and the unemployment rate 0.4 above its 18-month low, each as it stood on its release day; 1 = both halves at their lines)0.01.00%Oct 1, 2026Nov 18, 2026
confirmpaper spread (the wider of AA financial and AA nonfinancial 30-day paper over the 3-month bill), 13-week mean above its 39-week low, points0.00.90%Oct 30, 2026Nov 9, 2026
BRISTOW-HALL BUSINESS CYCLE PROGRAM
Real-time dating of the American business cycle.