Sunday, February 8, 2015

Charting Last Week (2/2 - 2/6/15)

The Daily Leading Index decreased by 0.49% percentage points to 6.04%. The Daily Coincident Index is at 4.70%. The Daily Leading Index page on the tab above is updated daily during the week.
With 75% of the S&P 500 reporting earnings for last quarter, operating full year earnings are on pace to be up 4.2% year over year. This is down from 12.0% year over year growth last quarter. Operating full year earnings are down 1.5% compared to full year earnings last quarter. Earnings are expected to slow further through the first two quarters of 2015.

 Stock prices posted strong gains for the week while bond prices were mostly down. 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 were not any updates to the International Leading Indices during the week. The Leading Indicator for International Developed Markets (EFA) is at 1.46%. The Leading Indicator for International Emerging Markets (EEM) is at 4.67%. 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.