Already Higher Than Ever, Leading Economic Index Surged Again In October
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Published Friday, November 19, 2021 at: 7:55 PM EST
Key forwarding-looking data are very strong, indicating the market-up could go on. The U.S. Leading Economic Index (LEI), has soared well beyond heights previously reached in modern history in recent months, and it surged again last month. The LEI rose nine-tenths of 1% in October, following an increase of one-tenth of 1% in September and seven-tenths of 1% in August. The economics team at The Conference Board, a big-business group that calculates the LEI, says October’s surge suggests the current economic expansion will continue into 2022 and may even gain momentum in the final months of 2021. The Conference Board forecasts growth...
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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