A positive sign for stocks and the economy from the Leading Economic Indicators
Key Points:
- After a prolonged decline, the Conference Board Index of Leading Economic Indicators finally flipped to favorable in the most recent month
- This recent reversal triggered a favorable signal for our LEISUM indicator
- The current LEISum indicator reading has typically boded well for stocks in the months ahead, particularly the real estate, technology, energy, and financials sectors
- Real estate has historically been far and away the top performer; Annual seasonality also bodes well for this sector in the near-term
A quick review of the Index of Leading Economic Indicators
Per Wikipedia:
The Conference Board Leading Economic Index is an American economic leading indicator intended to forecast future economic activity. It is calculated by The Conference Board, a non-governmental organization, which determines the value of the index from the values of ten key variables. These variables have historically turned downward before a

