I am learning to do top-down analysis on a number of sectors in the US equity markets. I have never done it before and I would appreciate it if some professionals can share their experiences with me.
Specifically, I would like to know the list of attributes/data/factors I should be measuring and monitoring.
Most of the websites I can find are vague about this subject. They mostly generally list a few vague things such as GDP, inflation, treasury bond yields, etc. However, I would like to know the more specific data used. Take treasury bond yield for example. I have learnt from elsewhere that people are monitoring the 2Y yield vs 10Y yield for indication of an economical reversal. I can't find any website that gives this kind of working examples on a top-down approach.
Can you tell me what other specific measures/data the industry's professionals normally would look at in a top-down sector-wide analysis?