Future Stat of the Week: October Leading Indicators
The trend is your friend and that's acutely important when dealing with economic stats. One very important stat is the Leading Economic Indicators from the Conference Board that comes out on Thursday at 9am. These numbers have been soaring the last 6 months growing at an annual rate of over 10%.
The expectations for Oct is that the indicators increased by 0.4% and First Trust estimates 0.5%. Lower then the 1% in Sept but still very solid growth.
Until this number turns negative, it's difficult to turn negative on the stock market or the economy. Especially with the indicators growing substantially and the yield curve remaining very high. That combination is a recipe for huge growth and market gains.
The expectations for Oct is that the indicators increased by 0.4% and First Trust estimates 0.5%. Lower then the 1% in Sept but still very solid growth.
Until this number turns negative, it's difficult to turn negative on the stock market or the economy. Especially with the indicators growing substantially and the yield curve remaining very high. That combination is a recipe for huge growth and market gains.
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