On Friday, the Conference Board released the latest leading and coincident indicators. The LEIs increased .6% while the CEIs rose .3%. The report's internals were strong: 9/10 LEIs were higher while all 4 CEIs advanced – even industrial production, which declined in 4 of the last 6 months. And the LEIs 6-month rate of change was up .2% to .6%. Overall, this was the best LEI report of the year.
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