The Palanor Indices
The instruments Palanor builds to read what the singular series cannot.
Anyone can show you CPI. Anyone can show you the VIX. Palanor builds composites — transparently disclosed, weight-by-weight, with public-source components.
The Palanor Indices
Anyone can show you CPI. Anyone can show you the VIX. Palanor builds composites — transparently disclosed, weight-by-weight, with public-source components.
Is the reshoring story actually working? Composite of US manufacturing jobs, freight movement, and dollar competitiveness. Low = the narrative outruns the data. High = the data catches up.
The Reshoring Index reads three concrete dimensions of whether US manufacturing is actually coming back: total US manufacturing employment (BLS MANEMP), the Transportation Services Index for freight (BTS TSIFRGHT), and the US dollar trade-weighted index inverted (a weaker dollar makes US-made goods more competitive globally). When all three are rising, reshoring is real. When manufacturing jobs are flat while the narrative claims a renaissance, the index tells you the data does not yet support the story.
The narrative outran the data again. Watch the data.
Manufacturing employment is the bedrock — if reshoring is real, you see it in the BLS payrolls report. Anyone can promise factories; only jobs being filled is proof. Freight is the second-order test — reshored production means more goods physically moving on US trucks and rail. The Transportation Services Index captures this in one number. Dollar competitiveness is the enabling condition — a strong dollar punishes exporters; a weak dollar does the opposite. Reshoring needs the dollar to cooperate.
The index does not capture announcements, groundbreakings, or capex commitments — only realized activity. Manufacturing employment has been roughly 12.7M since 2018; a sustained move above 13M would be the first real proof of the new narrative. Tariffs alone do not move this number on a year horizon.
Above 75 (mania band): manufacturing jobs accelerating, freight expanding, dollar weakening — the reshoring story is finally working in the data. Below 25 (calm band): the narrative is outrunning the data; capital flowing into reshoring themes is paying a premium for a thesis that has not yet earned out.
Every component, every weight. The 30-day spark shows how the underlying series has moved; the transform column shows how it converts to a comparable scale before weighting. Direction indicates whether rising values raise or lower the index.
| Component | Source | Weight | Direction | Transform | 30d | 24h | 30d Δ | Now contributing |
|---|---|---|---|---|---|---|---|---|
| ISM Manufacturing PMI | FRED | 50% | positive | zscore_24m | — | — | — | -0.488 |
| Transportation Services Index (Freight) | FRED | 30% | positive | zscore_24m | — | — | — | +0.606 |
| Trade-Weighted Dollar Index |
Numen for the public read:
Palanor reads reshoring at 55.2 of 100 — modestly above its 24-month neutral. The composite is steady, with the weight of components leaning in one direction.
24-month history of this index. The composite is recomputed daily; values are stored with timestamps.
Y-axis auto-zoomed · data clusters tightly
| # | Computed at | Value | Δ |
|---|---|---|---|
| 48 | 7/11/2026, 8:45:42 AM | 55.2463 | 0.0000 |
| 47 | 7/10/2026, 8:45:20 AM | 55.2463 | 0.0000 |
| 46 | 7/9/2026, 8:45:59 AM | 55.2463 | 0.0000 |
| 45 | 7/8/2026, 8:45:59 AM | 55.2463 | 0.0000 |
| 44 | 7/7/2026, 8:45:59 AM | 55.2463 | +0.3406 |
| 43 | 7/6/2026, 8:46:00 AM | 54.9057 | 0.0000 |
| 42 | 7/5/2026, 8:45:59 AM | 54.9057 | 0.0000 |
| 41 | 7/4/2026, 8:46:00 AM | 54.9057 | 0.0000 |
| 40 | 7/3/2026, 8:46:00 AM | 54.9057 | -0.4595 |
| 39 | 7/2/2026, 8:45:59 AM | 55.3652 | +5.4258 |
| 38 | 7/1/2026, 8:45:41 AM | 49.9395 | 0.0000 |
| 37 | 6/30/2026, 8:45:42 AM | 49.9395 | -0.8691 |
| 36 | 6/29/2026, 8:45:56 AM | 50.8085 | 0.0000 |
| 35 | 6/28/2026, 8:45:57 AM | 50.8085 | 0.0000 |
| 34 | 6/27/2026, 8:45:55 AM | 50.8085 | 0.0000 |
| 33 | 6/26/2026, 8:45:56 AM | 50.8085 | 0.0000 |
| 32 | 6/25/2026, 8:45:35 AM | 50.8085 | 0.0000 |
| 31 | 6/24/2026, 8:45:35 AM | 50.8085 | 0.0000 |
| 30 | 6/23/2026, 8:45:09 AM | 50.8085 | -1.5833 |
| 29 | 6/22/2026, 8:45:11 AM | 52.3918 | 0.0000 |
| 28 | 6/21/2026, 8:45:12 AM | 52.3918 | 0.0000 |
| 27 | 6/20/2026, 8:45:18 AM | 52.3918 | 0.0000 |
| 26 | 6/19/2026, 8:45:18 AM | 52.3918 | 0.0000 |
| 25 | 6/18/2026, 8:45:38 AM | 52.3918 | 0.0000 |
| 24 | 6/17/2026, 8:45:29 AM | 52.3918 | 0.0000 |
| 23 | 6/16/2026, 8:45:15 AM | 52.3918 | +0.9873 |
| 22 | 6/15/2026, 8:45:15 AM | 51.4045 | 0.0000 |
| 21 | 6/14/2026, 8:45:46 AM | 51.4045 | 0.0000 |
| 20 | 6/13/2026, 8:45:13 AM | 51.4045 | 0.0000 |
| 19 | 6/12/2026, 8:45:23 AM | 51.4045 | 0.0000 |
| 18 | 6/11/2026, 8:45:29 AM | 51.4045 | 0.0000 |
| 17 | 6/10/2026, 8:45:44 AM | 51.4045 | 0.0000 |
| 16 | 6/9/2026, 8:45:57 AM | 51.4045 | -2.1441 |
| 15 | 6/8/2026, 10:53:10 PM | 53.5486 | 0.0000 |
| 14 | 6/8/2026, 8:45:40 AM | 53.5486 | 0.0000 |
| 13 | 6/7/2026, 8:45:36 AM | 53.5486 | 0.0000 |
| 12 | 6/6/2026, 8:45:35 AM | 53.5486 | +1.4653 |
| 11 | 6/5/2026, 8:45:58 AM | 52.0833 | 0.0000 |
| 10 | 6/4/2026, 7:12:16 PM | 52.0833 | 0.0000 |
| 9 | 6/4/2026, 4:21:28 PM | 52.0833 | 0.0000 |
| 8 | 6/4/2026, 4:20:36 PM | 52.0833 | 0.0000 |
| 7 | 6/4/2026, 4:20:10 PM | 52.0833 | 0.0000 |
| 6 | 6/4/2026, 8:45:45 AM | 52.0833 | 0.0000 |
| 5 | 6/3/2026, 8:45:19 AM | 52.0833 | +13.0167 |
| 4 | 6/2/2026, 8:45:36 AM | 39.0666 | +0.9720 |
| 3 | 6/2/2026, 3:48:37 AM | 38.0946 | 0.0000 |
| 2 | 6/2/2026, 3:13:30 AM | 38.0946 | 0.0000 |
| 1 | 6/2/2026, 3:02:33 AM | 38.0946 | — |
https://fred.stlouisfed.org/https://www.atlantafed.org/researchhttps://www.clevelandfed.org/our-research/indicators-and-datahttps://data.oecd.org/leadind/consumer-confidence-index-cci.htmhttps://www.cnn.com/markets/fear-and-greedhttps://trends.google.com/Stewards see Palanor Indices tuned to their mandate.
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| FRED |
| 20% |
| negative |
| zscore_24m |
| ▼ 0.455 |
| ▲ 0.573 |
| +0.092 |