Monday, February 18, 2013

Charting Last Week (2/11 - 2/15/13)

The Daily Leading Index rose by 0.59% percentage points to 5.81%. This is the highest level the index has been at since the end of last September. The Daily Coincident Index rose to 4.93%. The Daily Leading Index page on the tab above is updated daily during the week. U.S. Equities posted a gain for the week with the S&P500 (SPY) recording new record highs. Bond prices were down for the week. 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 .10% after the Leading Indices for Japan and Spain improved. The Leading Index for International Emerging Markets (EEM) was flat at 5.20% despite a small gain for South Korea. 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.