The Daily Leading Index rose by 0.05% to 5.55% and has now risen slightly for two weeks in a row after falling for 3 weeks in row. However, it is still down 2.06% month over month. The Daily Coincident Index rose to 3.14%. The
Daily Leading Index page on the tab above is updated daily during the week.
Equities rallied sharply on Friday posting their biggest gains of the year. Most indices are back in the overbought territory. International Emerging Markets led the way with a 2.55% gain for the week (up 4.43% on Friday). 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.
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Furthermore, 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.
