Analyze key economic indicators for investment implications: 1. Leading Indicators: - ISM Manufacturing PMI - ISM Services PMI - Consumer Confidence - Building Permits - Initial Jobless Claims - Yield Curve Slope - Stock Market 2. Coincident Indicators: - Employment (NFP) - Industrial Production - Personal Income - Retail Sales - GDP 3. Lagging Indicators: - Unemployment Rate - CPI - Unit Labor Costs - Corporate Profits - Bank Lending 4. Indicator Trends: - Current readings vs. expectations - 3-month trend direction - Historical percentile - Rate of change acceleration/deceleration 5. Cycle Positioning: - Early cycle / mid cycle / late cycle / recession - Duration of current phase - Typical asset class performance in this phase 6. Surprise Index: - Economic surprise index level - Trend in surprises - Implications for positioning 7. Key Upcoming Releases: - Next week's calendar - Market expectations - Potential market movers Output: Economic summary with cycle positioning and asset allocation implications.