Recession – U.S. Conference Board Leading Index (LEI)
Recession – U.S. Conference Board Leading Index (LEI) Does the current decline in the U.S. Leading Economic Index (LEI) guarantee a recession within the next few months? Image: Deutsche Bank
Recession – U.S. Conference Board Leading Index (LEI) Does the current decline in the U.S. Leading Economic Index (LEI) guarantee a recession within the next few months? Image: Deutsche Bank
U.S. Dollar Index vs. Reserves (Leading Indicator) This chart suggests that reserves tend to lead the U.S. dollar index by three months. Lower U.S. dollar ahead? Image: Economic Perspectives
U.S. Leading Economic Indicators and Recession Warnings The Conference Board’s Leading Economic Index for the U.S. has rarely weakened sharply ahead of rate cuts, except in 2007. Currently, it doesn’t suggest that a recession is looming. Image: Reuters
Citigroup Economic Surprise Index vs. 10-Year Treasury Yield This chart shows a good correlation between Citigroup Economic Surprise Index and 10-year Treasury yield. Lower yields ahead? You may also like “For the Last Few Years, Equity Markets Have Been Leading Bond Markets.” Image: Yardeni Research, Inc.
Leading Indicators Show Growth Is Slowing, But Is Still Positive Since 1970, the Leading Economic Index has turned negative year-over-year, on average 14 months before all recessions. U.S. growth is slowing, but the current LEI rose 2.7% year-over-year and suggests there is no imminent recession on the horizon. Image: LPL Research
LEI 6-Month ROC vs. S&P 500 EPS Annual % Change The 6-month annual rate of change of the Leading Economic Index is highly correlated with S&P 500 earnings growth. Should U.S. equity investors remain cautious? Image: Real Investment Advice
Conference Board U.S. LEI and U.S. Treasury 10-Year/2-Year Spread Is a rate cut justified in July? Just take a look at the Conference Board Leading Economic Index and the U.S. Treasury 10-Year/2-Year spread. Image: Strategas