The Daily Leading Index rose by .06% percentage points to 3.95%. The Daily Coincident Index remained at 2.26%. The
Daily Leading Index page on the tab above is updated daily during the week.
Equities were up for the week except for International Emerging Markets (EEM) which has started to weaken compared to International Developed Markets (EFA). EEM is now down 0.4% this year while EFA is up 3.8% for the year. The S&P 500 (SPY) closed above 150 for the first time and is now up 7.6% over the 2007 highs. The actual S&P500 index (which does not account for dividends) is at 1502.96 which is below the 1565.15 high set in October of 2007. 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 International Developed Markets (EFA) rose to -0.18% after France and Germany both posted increases in their Leading Indices. The Leading Index for International Emerging Markets (EEM) was at 4.84% after a very small increase for China's Leading Index. 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.
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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.
