Conference Board's Leading Indicators Highest Ever

This is from earlier in the week, but it explains why the market goes up every day.

A gauge of the U.S. economy's prospects rose more strongly than expected to a record high in March, pointing to a steady economic recovery, a private research group said on Monday.

The Conference Board said its index of leading economic indicators increased 1.4 percent, rising for the 12th straight month, after an upwardly revised 0.4 percent gain in February. ...

This graph comes from Bonddad.

Bonddad makes a very cogent argument about how retail sales leads sales growth, and how job growth is going to be stronger than expected since retail sales adjusted for inflation have been strong.  Its worth the read.

Average rating
(0 votes)