The Daily Leading Index decreased by 0.07% percentage points to 4.58%. The Daily Coincident Index is at 3.35%. The
Daily Leading Index page on the tab above is updated daily during the week.
Stock prices were mostly up for the week despite a lot of volatility. The big exception was Emerging Markets which was down 3.4% for the week and is now down over 10% year over year. The Greek stock market is down 59% year over year. The Chinese stock market has lost a third of its value since June but is still up year over year. The Fed Funds futures are implying a 50% chance of a rate hike by December with an implied rate of 0.38% (up from a 47% chance last week and an implied rate of 0.37%) 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 OECD released their Leading Indicators for most major countries on Wednesday. 11 of the 20 countries in the Developed Markets had increasing Leading Indices. The Leading Indices decreased for 9 out of 15 countries in the Emerging Markets. The Leading Indicator for International Developed Markets (EFA) is at 2.42% and is 0.09% percentage points higher than last month. The Leading Indicator for International Developed Markets (EFA) has now risen for seven months in a row after falling steadily for ten months. The Leading Indicator for International Emerging Markets (EEM) fell to 3.38%. 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.
