Charting Last Week (12/31/12 - 1/4/13)

The Daily Leading Index rose by 1.01% percentage points to 3.83%. The Daily Coincident Index rose to 2.12%. The Daily Leading Index page on the tab above is updated daily during the week.

Equities rallied sharply in reaction to the legislation regarding the U.S. fiscal cliff. 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.