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Investors keep a keen eye on economic data to get an idea of where the economy stands. The problem is that it's backward looking. So what should they do to find out where it's going? Listen to earnings calls says Allianz Chief Economic Advisor Mohamed El-Erian. By listening to these quarterly updates from businesses, El-Erian says "you can start putting an image together" of what these companies are seeing. "Companies are at the forefront. They have a much better sense of what's going on on the ground at turning points. And this could be a turning point. So, listen carefully to what companies are telling us," he adds. Click here to watch the full interview or you can watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Stephanie Mikulich.