US Equity and Economic Review: Expect a Slight Move Lower

     This week’s news confirmed that the US economy continues to grow moderately.  The Fed’s Beige Book and Conference Boards LEI/CEI release confirmed one another’s general observation the economy is advancing, albeit slowly.  The housing market continues to offer positive news while the industrial sector’s weak growth continues.  Turning to the markets, despite improvement in the 3Q earnings report, short term technical analysis indicates a slight downward move is more probable through year-end.      On Thursday, the Conference Board released the latest leading and coincident economic indicators.  Both rose .2% M/M.  The LEIs were up .9% on a rolling…

Source: XE news feed
US Equity and Economic Review: Expect a Slight Move Lower