The Daily Leading Index decreased by 0.10% percentage points to 7.30%. The Daily Coincident Index is at 4.15%. The
Daily Leading Index page on the tab above is updated daily during the week.
Equities continued to rally after being heavily oversold. Bond prices were mostly up for the week. 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.
Earnings for the S&P 500 are strong. With 49% of the S&P 500 reporting earnings for last quarter, as reported full year earnings are on pace to be up 14.6% year over year. Next week will be a busy week for earning releases as 154 companies will report earnings.
The Leading Indicator for International Developed Markets (EFA) declined by 0.04% percentage points to 0.76%. The Leading Indicator for International Emerging Markets (EEM) fell to 4.17%. 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.
