About USMacro

USMacro reads the U.S. economy by fixed rules — where it stands, what’s building underneath, and what its own record says about moments like this.

Indicators tracked
115
Market sections
10
Pages read, last 30 days
3,272
Pages read, all time
8,577

Each page counts once per reader per day. Counted server-side; bots excluded.

Counted on November 8, 2026.

Dates on this site are US Eastern time.

Why we built this

We built USMacro to answer one question for ourselves: where is the U.S. economy, where is it heading, and what happened the last time it looked like this?

The tools we found did one of two things. Some showed the data — thousands of series, a chart for each, and the reading left to us. Others sold a forecast — a probability, a call, a model we couldn’t see inside. Neither answered the question.

So we built the layer in between. USMacro takes 115 public indicators; 43 of them, with a few series it does not chart, feed composites. Three composites read the whole economy, and others read its pillars and the market. Each one is rules-based, each tested against its own history, and none of them is a forecast. Every composite comes with its record: each time the economy looked like this before, listed, with what followed. That is the site: not the data, and not a prediction, but what the data adds up to, shown with its evidence.

How it works

Four rules, applied everywhere:

Fixed rules.

Every composite and regime label is set in advance and published on its methodology page. The heatmap’s thresholds are published on each indicator page — fixed levels for most, and for eleven housing and money-fund series the quintiles of their own history up to the reading being coloured.

Tested against the record.

A reading is judged against the series’ own history — its percentile, its thresholds, its past episodes — never against a narrative.

Counts, never probabilities.

The site says how many times something happened and what followed. It states no forecast or probability of its own; two heatmap cells relay others’ — the Atlanta Fed’s GDPNow and the Chauvet–Piger smoothed recession probability (via FRED).

Point-in-time where it matters.

Where history has been revised, the State of the Economy and Valuations use first-published values as far as the archives reach, and measure how far that is. Every record on the site reads each figure only once it had been published. They are the State of the Economy’s, the Capitulation Monitor’s rail, Confluence’s register, the windows behind Valuations and Profit Share, the Economic Breadth and Housing records and the heatmap’s Time Machine. The heatmap’s Time Machine reads this way on days the site has no record of its live page. Each reads a figure at the value published by then where an archive covers the series, at today’s value otherwise.

Every number traces to its source. Each indicator page names its provider and series and shows the update cadence. It links to the source’s own page wherever one exists; where none does, it says why. The data is published by the Federal Reserve, the BLS, the BEA, the Census Bureau, the OECD and others — 31 providers — and retrieved daily. USMacro adds the rules and the arithmetic — year-over-year changes, spreads, two constructed series — not the data. The heatmap’s five colours come from thresholds stated on the indicator pages — fixed levels for most; for 11 series, the quintiles of their own history up to the reading.

Who it’s for

Anyone who reads the economy to make decisions — investors positioning capital, professionals who want the backdrop before the detail. And students: if you are studying economics, this is the theory applied to the real thing — the actual series, the actual thresholds, the actual record of what followed. It assumes you want the reasoning, not just the colour: every page shows its method and its record, and the vocabulary is precise on purpose. USMacro is not a trading platform, a screener or an advisor.

The terms

No account, no paywall, no ads. Everything on the site is free to read; every sourced number is checkable at its source, and the site’s own computations are explained on their pages.

How we got here

USMacro began as a heatmap and became a set of rules-based readings of the economy, its pillars and the market. What shipped, in order; updated as capabilities ship.

Apr 10, 2026
Shipped
The indicator heatmap, 5-shade color system, dark mode, mobile layout
Late Apr – early May 2026
Shipped
Indicator Heatmap, deep-dive indicator pages
May 2026
Shipped
Major indicator buildout, live data extremes, section navigation redesign
July 2026
Shipped
Three composite gauges — Momentum, Forward Stress and Inflation Regime — a rule-based regime read, and a Time Machine for any date since May 1981
July 2026
Shipped
An entry-conditions read: six oversold gauges vs their own history, with the economic regime as the safety rail — historical ranges, never forecasts
July 2026
Shipped
Where the market sits against each measure's own history, on two bases — the full-history percentile and Grantham's sigma-versus-trend — with every extreme era's aftermath individually listed. Built point-in-time: every band shows what was knowable then.
July 2026
Shipped
Which historical months matched today across the site's instruments at once — regime family, stress trajectory, capitulation state, valuation tier — and what the S&P 500 did through and after each. Matched exactly, listed in full, point-in-time as far as the archives reach (how far).
July 2026
Shipped
Corporate profits as a share of the economy, measured against their own trend — the five-band ladder, every band entry's aftermath individually listed, and a trust dial for how much the latest print deserves. Two claims tested under frozen rules; the verdicts shown either way.
August 2026
Shipped
Every first print against the value three years later, from the archived vintages — eight series' dossiers, the great-revisions register at each series' own bar, and how long each recession took to show up in the data. The record of the drafts.
August 2026
Shipped
How many of the 24 real-activity indicators are improving, deteriorating or abstaining each month — every member judged against its own history, with abstention counted as information. Counts, never probabilities; the record runs monthly back to 1964.
September 2026
Shipped
Where the housing sector sits in its own cycle: nine voters in three timing stages name the stage, a comparator shows whether housing is diverging from the rest of the economy, and every record lists what followed. Counts and records, never probabilities; nameable monthly back to 1980.
September 2026
Shipped
Four stages of the cycle — Recovery, Expansion, Slowdown, Contraction — named from the three gauges by fixed rules; every period since 1981 listed with what followed. It replaces the eleven labels an earlier engine named, which the record showed a reader could not tell apart.
September 2026
Shipped
The 3-month/10-year Treasury curve: every inversion since 1982 and whether a recession followed. It replaces a July 2026 monitor of eight cross-asset relationships: tested against what each claimed, the curve held and seven did not — their records are kept in its methodology.
Next
Planned
On the roadmap
10 features queued, in the order we'll build them: Credit Transmission first, then Fiscal Ledger, The Curve Register, Liquidity Plumbing, The Household Ledger, Euphoria Monitor, The Public Scorecard, Crisis Replay, The Fed Record, and AI briefings after the rest exist. A queue, never a promise; no dates.

Contact

For data corrections, feedback, or methodology questions. We read everything.
Changes, corrections and scorecard results are also published as a feed.

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