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Spatial co-ordinations are initially random, and will automatically re-arrange to minimize complexity based on distance between relationships. Mouse down and drag to pan. Right click on the strategic diagram toggles between motion and stationary. Hover over abstract node (orange) to view abstractions. Hover over leaf node to view corresponding narrative. Left click on the leaf node expands the narrative to view full text.

Narrative Analysis - Report

Key Focus

Others, however, cautioned against reading too much into the divergence between the so-called hard data and the sentiment surveys, arguing that the pandemic had made it difficult to get a clear signal from the surveys ...

That together with weakness in sentiment surveys have led some economists to believe the economy is likely not as strong as portrayed by the GDP and labor market data and to expect a slowdown in growth. ...

Momentum supporting factors

(growth,spending)

Challenge supporting factors

(growth,sentiment)

(growth,stronger-than-expected)

(growth,pandemic)

(market,labor,pandemic)

(market,pandemic)

(growth,international_monetary_fund)

Work-in-progress supporting factors

(growth,economy)

(growth,market)

(growth,sentiment)

(market,labor,sentiment)

(market,sentiment)

(growth,weakness)

(market,labor,weakness)

(market,weakness)

(growth,spending)

(growth,so-called)

(market,labor,so-called)

Time Period	Challenge	Momentum	WIP
Report	13.51	1.35	85.14

High Level Abstraction (HLA) combined

High Level Abstraction (HLA)	Report
(1) (growth,sentiment)	100.00
(2) (growth,economy)	89.96
(3) (growth,spending)	78.24
(4) (growth,market)	58.16
(5) (market,labor,sentiment)	48.12
(6) (market,sentiment)	45.61
(7) (growth,weakness)	44.35
(8) (market,labor,weakness)	41.00
(9) (market,weakness)	40.17
(10) (growth,stronger-than-expected)	39.75
(11) (growth,so-called)	38.49
(12) (market,labor,so-called)	36.40
(13) (market,so-called)	34.31
(14) (growth,pandemic)	33.89
(15) (market,labor,pandemic)	33.05
(16) (market,pandemic)	30.13
(17) (growth,labor)	28.45
(18) (growth,international_monetary_fund)	28.03
(19) (growth,hard)	27.62
(20) (market,hard)	27.20
(21) (market,labor,hard)	26.78
(22) (growth,gdp)	23.01
(23) (market,labor,unemployment)	20.08
(24) (market,unemployment)	18.83
(25) (market,labor,underscored)	16.32
(26) (market,underscored)	14.64
(27) (market,labor,seasonally)	13.39
(28) (market,seasonally)	10.46
(29) (market,labor,october-december)	10.04
(30) (market,october-december)	6.28
(31) (market,labor,labor_department)	5.86
(32) (market,labor_department)	5.02
(33) (market,jobless)	4.60
(34) (market,labor,jobless)	4.18

Supporting narratives:

Please refer to knowledge diagram for a complete set of supporting narratives.

momentum - Back to HLA

Initial claims have bounced around in a 194,000-225,000 range this year.. . Low layoffs are keeping wage growth elevated, sustaining consumer spending, which accounts for more than two-thirds of economic activity. ...
High Level Abstractions:

(growth,spending)

challenge - Back to HLA

Others, however, cautioned against reading too much into the divergence between the so-called hard data and the sentiment surveys, arguing that the pandemic had made it difficult to get a clear signal from the surveys ...
High Level Abstractions:

(growth,sentiment)

challenge - Back to HLA

The International Monetary Fund last week upgraded its forecast for 2024 U.S. growth to 2.7% from the 2.1% projected in January, citing stronger-than-expected employment and consumer spending. ...
High Level Abstractions:

(growth,stronger-than-expected)

challenge - Back to HLA

Others, however, cautioned against reading too much into the divergence between the so-called hard data and the sentiment surveys, arguing that the pandemic had made it difficult to get a clear signal from the surveys. ...
High Level Abstractions:

(market,pandemic)
(growth,pandemic)
(market,labor,pandemic)
Inferred entity relationships (8)
(labor,market,unemployment) [inferred]
(labor,market,october-december) [inferred]
(labor,market,underscored) [inferred]
(labor,market,seasonally) [inferred]
(labor,market,weakness) [inferred]
(market,pandemic) [inferred]
(labor,market,sentiment) [inferred]
(labor,market,so-called) [inferred]

challenge - Back to HLA

It is expanding at a pace above what Fed officials regard as the non-inflationary growth rate of 1.8%. The International Monetary Fund last week upgraded its forecast for 2024 U.S. growth to 2.7% from the 2.1% projected in January, citing stronger-than-expected employment and consumer spending ...
High Level Abstractions:

(growth,international_monetary_fund)

challenge - Back to HLA

Economists believe consumer spending more or less maintained the 3.3% growth pace seen in the fourth quarter, also supported by higher stock market prices.. . They, however, worry that lower-income households have depleted their pandemic savings and are largely relying on debt to fund purchases. ...
High Level Abstractions:

(market,pandemic)

WIP - Back to HLA

That together with weakness in sentiment surveys have led some economists to believe the economy is likely not as strong as portrayed by the GDP and labor market data and to expect a slowdown in growth. ...
High Level Abstractions:

(growth,sentiment)
(market,labor,sentiment)
(market,labor,weakness)
(growth,weakness)
(growth,economy)
(market,sentiment)
(market,weakness)
Inferred entity relationships (10)
(market,weakness) [inferred]
(labor,market,unemployment) [inferred]
(labor,market,october-december) [inferred]
(labor,market,underscored) [inferred]
(labor,market,weakness) [inferred]
(market,sentiment) [inferred]
(labor,market,pandemic) [inferred]
(labor,market,sentiment) [inferred]
(labor,market,so-called) [inferred]
(labor,market,seasonally) [inferred]

WIP - Back to HLA

Recent data and comments from bank executives indicated that lower-income borrowers were increasingly struggling to keep up with their loan payments.. . The economy was also likely supported by the housing market, with double-digit growth anticipated in residential investment thanks to a severe shortage of previously owned homes for sale, which is encouraging the construction and sale of new single-family homes ...
High Level Abstractions:

(growth,economy)
(growth,market)

WIP - Back to HLA

growth to 2.7% from the 2.1% projected in January, citing stronger-than-expected employment and consumer spending. ...
High Level Abstractions:

(growth,spending)

WIP - Back to HLA

That together with weakness in sentiment surveys have led some economists to believe the economy is likely not as strong as portrayed by the GDP and labor market data and to expect a slowdown in growth.. . Others, however, cautioned against reading too much into the divergence between the so-called hard data and the sentiment surveys, arguing that the pandemic had made it difficult to get a clear signal from the surveys ...
High Level Abstractions:

(growth,so-called)
(market,so-called)
(growth,market)
(market,labor,hard)
(growth,hard)
(growth,labor)
(growth,gdp)
(market,labor,so-called)
(market,hard)
Inferred entity relationships (9)
(labor,market,unemployment) [inferred]
(labor,market,october-december) [inferred]
(market,so-called) [inferred]
(labor,market,underscored) [inferred]
(labor,market,weakness) [inferred]
(labor,market,pandemic) [inferred]
(labor,market,sentiment) [inferred]
(labor,market,so-called) [inferred]
(labor,market,seasonally) [inferred]

WIP - Back to HLA

Labor market resilience is likely to be underscored by the Labor Department's weekly jobless claims report, which is expected to show first-time applications for unemployment benefits climbing 3,000 to a seasonally adjusted 215,000 in the week ending April 20. ...
High Level Abstractions:

(market,seasonally)
(market,labor,unemployment)
(market,unemployment)
(market,labor,seasonally)
Inferred entity relationships (10)
(labor,market,unemployment) [inferred]
(market,unemployment) [inferred]
(labor,market,october-december) [inferred]
(labor,market,underscored) [inferred]
(labor,market,weakness) [inferred]
(labor,market,pandemic) [inferred]
(labor,market,sentiment) [inferred]
(labor,market,so-called) [inferred]
(market,seasonally) [inferred]
(labor,market,seasonally) [inferred]

WIP - Back to HLA

Job gains in the first quarter averaged 276,000 per month compared to the October-December quarter's average of 212,000.. . Labor market resilience is likely to be underscored by the Labor Department's weekly jobless claims report, which is expected to show first-time applications for unemployment benefits climbing 3,000 to a seasonally adjusted 215,000 in the week ending April 20 ...
High Level Abstractions:

(market,labor,underscored)
(market,labor,labor_department)
(market,jobless)
(market,labor,october-december)
(market,underscored)
(market,labor_department)
(market,october-december)
(market,labor,jobless)
Inferred entity relationships (11)
(labor,market,unemployment) [inferred]
(labor,market,october-december) [inferred]
(labor,market,underscored) [inferred]
(labor,market,weakness) [inferred]
(labor_department,market) [inferred]
(labor,market,pandemic) [inferred]
(labor,market,sentiment) [inferred]
(labor,market,so-called) [inferred]
(market,underscored) [inferred]
(market,october-december) [inferred]
(labor,market,seasonally) [inferred]

Semantics Relevance

Slow, but solid US economic growth anticipated in Q1; inflation likely heats up