01 / INDICATOR PREVIEW
Dollar funding pressure · SOFR−IORB
-3bp
Verified primary source
Unit / bpIndependent scale
Recent average is rising3 vs 3 observations
0
Low -12High 3
2026-07-072026-10-08
Reference 0 INDEPENDENT TREND OBSERVATORYEST. 2026 / VOL. 01
ARGUS / TREND OBSERVATORY
See the change.Find its direction.
Connect capital, demand and industrial returns. Follow the evidence to understand the trends taking shape.
Public research · Bilingual · Traceable sources
From signals to evidence. From change to understanding.SCROLL TO EXPLORE ↓
01 / THE RESEARCH FIELD
Four themes. One field of view.
Trace connections across themes. Find evidence in the details.
01
Global liquidity
GLOBAL LIQUIDITY
Follow the supply and pressure of money, from reserves to funding costs.
Explore theme
02
China economy
CHINA ECONOMY
Trace economic recovery through demand, credit and prices.
Explore theme
03
AI infrastructure
AI INFRASTRUCTURE
Examine the quality of expansion through capex, revenue, debt and cash returns.
Explore theme
04
Energy & inflation
ENERGY & INFLATION
Follow cost pressures through crude, refined products and inventories.
Explore theme
02 / SIGNALS IN CONTEXT
Make change visible.
View data, definitions and sources↗
02 / INDICATOR PREVIEW
Manufacturing PMI: new orders
50.5points
Verified primary source
Unit / pointsIndependent scale
Recent average is flat3 vs 3 observations
50
Low 48.5High 51.6
2025-09-302026-09-30
Reference 5003 / INDICATOR PREVIEW
Microsoft · Finance lease liabilities
66.59Billion USD
Verified primary source
Unit / Billion USDIndependent scale
Recent average is rising3 vs 3 observations
Low 22.91High 66.59
2024-03-312026-06-30
Independent scales and different frequencies. Direction alone is not a market verdict. Observation dates and source verification dates are labeled separately.
01
Record the facts
Public sources and original reports, with observation dates, units and citations.
02
Observe the trend
Continuous history and independent scales. Gaps, estimates and report excerpts stay distinct.
03
Examine the judgment
Daily and weekly research connects signals while distinguishing numeric changes from interpretation.
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