Daily Signals From Corporate 10-Q Filings

Corporate Activity Tracker turns firm-level 10-Q filings into real-time, daily indicators of U.S. macroeconomic conditions. By benchmarking each announcement to the same fiscal quarter a year earlier and aggregating across the quarterly reporting cycle, it filters firm-specific noise and composition shifts. The result is a high-frequency view of the business cycle that separates leading signals (liquidity, leverage, corporate debt dynamics) from lagging fundamentals—and is validated in forecasting U.S. stock market returns.