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Economy

Macro sentiment aggregated across 500+ public companies, built from public earnings calls.

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Calendar quarter

Showing calendar 2026 Q3Pro· this quarter requires Pro. The newest free quarter is calendar 2026 Q2.

Selected: calendar 2026 Q3 · Pro

Market & economic context

Public market and economic data, shown to everyone. It is not an analysis of calendar 2026 Q3 earnings calls: the macro backdrop is current (latest available releases), and the S&P 500 chart covers the trailing year to the latest close.

Macro backdrop

Public economic data (FRED), rate-of-change · as of Oct 2026

Growth

Real GDP: +2.2%↓ decelerating
Industrial production: +1.4%↓ decelerating

Inflation

Core PCE: +3.0%↓ decelerating
Headline CPI: +3.4%↓ decelerating

Labor

Unemployment: 4.2%↓ -0.2pp YoY
Jobless claims: 197k↓ -15.5% YoY

Liquidity

Method & guides

Guides: How to read the Economic Sentiment Index · How to read Tellvest Earnings Pulse · How to read Tellvest industry earnings-call sentiment · What companies say about the consumer on earnings calls

Earnings Pulse — the free market-wide read: economy sentiment, sector movers, and the macro themes management flagged. View →

Economy

Selected: calendar 2026 Q3 · Pro

Macro backdrop

Economy

Selected: calendar 2026 Q3 · Pro

Macro backdrop

S&P 500 (SPY) — trailing yeardashed rules mark FOMC meetings

The newest quarter here is a Pro feature