Monday, April 19, 2010
This is very positive economic data. The The Conference Board Leading Economic Inex is the best economic metric I know of. LEI increases +1.4% in March to a 109.6 all-time high! This after increases of +0.6% and +0.4% in January and February. Very encouraging for USA economy. I think the bottom is definitely in and the economic recovery is gaining strength. This is also very bullish indicator for the stock market. The Conference Board Leading Economic Index® (LEI) for the U.S. Increases: "The Conference Board Leading Economic Index®"