Stocks Closed 1% Off All-Time High; Strong New Economic Data

Published Friday, August 20, 2021 at: 7:53 PM EDT

The Standard Poor's 500 stock index, the main growth driver of investor portfolios, closed the week less than 1% off Monday's all-time closing high, and the U.S. Index Of Leading Economic Indicators surged again in July. Meanwhile, the latest fundamentals, retail sales and housing starts data, remained very strong in July. Here's a two-minute update for investors. This chart shows that the LEI has rolled over very definitively prior to recession – except for the Covid-19 recession, making it a reliable indicator of what’s ahead in the economy. The LEI’s surge since the Covid recovery began indicates no recession is in...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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