The Daily Leading Index decreased by 0.12% percentage points to 3.23%. The Daily Coincident Index is at 3.14%. The
Daily Leading Index page on the tab above is updated daily during the week.
Stock prices were down across the board while bond prices were mixed the week. The Fed is expected to raise rates this week during the Fed's policy meeting on December 15-16. Most analysts are talking about a rate hike of 0.25%. However, The Fed Fund futures are implying a rate hike of .125% if the Fed does raise rates. It looks like the Fed will raise the target from a range of between 0% and 0.25% to a range of 0% and 0.5% (from a midpoint of 0.125% to 0.25%). The Fed Fund futures are implying a second rate hike of 0.25% by June of 2016. The charts below show the normal trading ranges for various indices for the last six months. I have updated the charts to include all of the asset classes that I track. 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 OECD released their Leading Indicators for most major countries on Tuesday. 11 of the 20 countries in the Developed Markets had decreasing Leading Indices. The Leading Indices decreased for 7 out of 15 countries in the Emerging Markets. The Leading Indicator for International Developed Markets (EFA) decreased by 0.15% percentage points to 1.54%. The Leading Indicator for International Emerging Markets (EEM) rose to 2.87%. 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.
