Sunday, May 11, 2014

Charting Last Week (5/5 - 5/9/14)

The Daily Leading Index fell by 0.14% percentage points to 6.88%. The Daily Coincident Index rose to 3.34%. The Daily Leading Index page on the tab above is updated daily during the week.
Equity prices were mostly down for the week. Bond prices were mixed for the week. Federal Reserve Chairman Janet Yellen talked about small cap stocks and the overall stock market in her speech to Congress on Wedensday. "There are pockets where we could potentially see misvaluations in smaller-cap stocks," she said. "Overall those broad metrics don’t suggest that we are in obviously bubble territory. We don’t have targets for equity prices and can’t detect if we’re in a bubble with certainty." The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.
The Leading Index for the International Developed Markets (EFA) fell to 3.80% after Japan's Leading Index continued to weaken after peaking last December. The Leading Index for International Emerging Markets (EEM) is at 3.73%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.
All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security.   Click here for more details.

These charts have limitations.  Economic data is often revised after the fact.  The market is forward looking and anticipates future events.  The unexpected can and will happen.  The market is continually changing.  The conditions of the past are different from the present.  Past performance is not an indication of future performance.