Charting Last Week (3/25 - 3/29/13)

The Daily Leading Index rose by 1.68% percentage points to 7.78%. This is the highest the index has been since May of last year. The Daily Coincident Index rose to 2.48%. The Daily Leading Index page on the tab above is updated daily during the week. U.S. equities rose to record levels this week. The S&P 500 finally closed higher than the 2007 highs. However when including dividends, the S&P 500 (SPY) is up 12.7% over the 2007 highs. 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. This week, the International Developed Markets (EFA) rose by 0.14% percentage points to 1.08%. The Leading Index for International Emerging Markets (EEM) rose to 5.42%. 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.

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.

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.

Charting Last Week (3/18 - 3/22/13)

The Daily Leading Index rose by 0.42% percentage points to 6.10%. The Daily Coincident Index fell to 2.25%. The Daily Leading Index page on the tab above is updated daily during the week. Equities were down for the week. International Emerging Markets (EEM) is now down 0.99% year over year while International Developed Markets (EFA) is up 11.37%. 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. This week, the International Developed Markets (EFA) rose by 0.03% percentage points to 0.94%. The Leading Index for International Emerging Markets (EEM) is at 5.34%. 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.

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.

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.

Charting Last Week (3/11 - 3/15/13)

The Daily Leading Index fell by 0.73% percentage points to 5.68%. The Daily Coincident Index rose to 2.30%. The Daily Leading Index page on the tab above is updated daily during the week. Equities were mostly up for the week. The glaring exception was International Emerging Markets (EEM) which was down 3.08%. EEM is only up 2.74% year over year while International Developed Markets (EFA) is up 17.44%. U.S. equities are once again set new record highs this 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. This week, the International Developed Markets (EFA) rose by 0.41% percentage points to 0.91% led by improving conditions in Japan. The Leading Index for International Emerging Markets (EEM) is at 5.22%. 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.

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.

International Leading Indicators - 3/11/13

The Leading Indicator for International Developed Markets (EFA) rose by 0.63% percentage points to 0.66% compared to last month. The Leading Indicator for International Emerging Markets (EEM) rose by 0.19% percentage points to 5.39% compared to last month. The OECD released their Leading Indicators for most major countries today. I have averaged the indicators with the Conference Board's Leading indicators to create a composite for each country. I created Leading Indicators for International Developed Markets (EFA) and International Emerging Markets (EEM) by weighting each country's growth rate by the market share of each country's stocks in the respective funds. On the last chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.

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.

Charting Last Week (3/4 - 3/8/13)

The Daily Leading Index rose by 0.74% percentage points to 6.41%. This is the highest the index has been since last June. The Daily Coincident Index rose to 2.02%. The Daily Leading Index page on the tab above is updated daily during the week. Equities posted strong gains while bond prices were down sharply for the week. U.S. equities are once again in record territory. The S&P 500 (SPY) is now 11.3% higher than the previous highs set in 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. There were not any updates to the International Leading Indices. The International Developed Markets (EFA) is at .50% and the Leading Index for International Emerging Markets (EEM) is at 5.58%. 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.

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.

Charting Last Week (2/25 - 3/1/13)

The Daily Leading Index declined by 0.09% percentage points to 5.66%. The Daily Coincident Index fell sharply to 1.97%. The fall was mostly due to Personal Income dropping 3.6% in January after rising 2.6% in December due to the expiration of the payroll tax cut. The Daily Leading Index page on the tab above is updated daily during the week. Equities were mixed for the week while bond prices were up 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 a strong gain for the Euro Area. The Leading Index for International Emerging Markets (EEM) rose to 5.58% after Taiwan's Leading Index rose sharply. 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.

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.