The Daily Leading Index rose by .28% to 5.25%. After dropping last week, the index rose back to into the tight range it had been in since mid June. The Daily Coincident Index stayed at 2.98%.
The Daily Leading Index page on the tab above is updated daily during the week.
Equities started the week off weak. The international indices dropped over 3% in the first two days. They finished the week by rallying over 5% after comments by Mario Draghi, the European Central Bank President, aimed at restoring investor confidence. 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.
