The LEI Doesn’t Lie

The LEI Doesn’t Lie

So goes the old adage.  Currently the LEI(Leading Economic Indicator Index)is trending higher.  Broad stock market weakness while the LEI index is in an uptrend have proven to be short term corrections.  Simply based on this historical relationship, a buying...
Perspective

Perspective

Today the S&P 500 Index completed its 23rd (5% or greater) correction since the 2009 low.  That’s just over 2 such corrections per year.  Except for the current version, all of them have been long forgotten. Hat tip Charlie Bilello...
After The Calm

After The Calm

The streak has now reached 74 consecutive sessions without a greater than 1% change(either up or down)for the S&P 500 Index.  This is one of the longest streaks in history: What’s next after this extended period of calm?  Welcome October.  Since 1950 no...