The Daily Leading Index rose by 0.02% to 5.55% and has now risen slightly for three weeks in a row after falling for 3 weeks in row. The Daily Coincident Index was flat at 3.14%. The Daily Leading Index page on the tab above is updated daily during the week.
Equities retreated from the overbought position while bonds rallied. I have added TLT, a long treasury bond index, and WTI, the Cushing, Oklahoma Crude Oil index, to the charts. TLT is up an impressive 39% year over year. 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.
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.
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.
