Stock prices were down slightly for the week while bond prices took a bigger hit. The Fed Funds futures are implying a 57% chance of a rate hike by December with an implied rate of 0.42% (up from a 50% chance last week and an implied rate of 0.38%) according to CME Group's FedWatch tool. 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.
The Leading Indicator for International Developed Markets (EFA) increased by 0.09% percentage points to 2.42%. The Leading Indicator for International Emerging Markets (EEM) is at 3.90%. 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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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.