US Equity and Economic Review: a Year End Spate of Good News

     On Thursday, the Conference Board released the monthly LEIs and CEIs.  Despite 7/10 components increasing, the LEIs were unchanged.  A sharp drop in building permits was the primary reason.  However, the 6-month, rolling rate of change was 1%, which is the third consecutive month of readings around the 1% level.  The CEIs rose .1%.  Industrial production was the sole negative contributor.  Like the LEIs, the rolling, 6-month rate of change is picking up with a 1.1% reading.  The combined conclusion of these latest readings is for continued growth at or slightly below the current pace.      Also on…

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US Equity and Economic Review: a Year End Spate of Good News