The Daily Leading Index rose by 0.14% percentage points to 6.65%. The Daily Coincident Index rose to 3.86%. The
Daily Leading Index page on the tab above is updated daily during the week.
Equity and Bond prices were down for the week. On Thursday, the S&P 500 (SPY) was 3.47 standard deviations below its 21 day moving average. This is very a very extreme value. Assuming that stock prices are normally distributed, being that far below the moving average would happen once every 15 years. Since 1993, this has happened 4 times before including once in January of this year. Recent low volatility (narrow bands) is a big factor in this. The charts below show the normal trading ranges for various indices for the last six months. 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 weren't any updates for the Leading Index for the International Developed Markets (EFA) which is at 2.45%. The Leading Index for International Emerging Markets (EEM) fell to 4.06%. 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.
