OECD Composite Leading Indicator Turns Up

Jason Goepfert
2019-12-11

As the WSJ noted, the OECD Composite Leading Indicator is showing signs of stabilization. While it isn't particularly effective at timing market tops, upturns in the OECD Composite Leading Indicator after a long downturn usually marked bottoms in the global economy.

When the OECD Composite Leading Indicator turns up for the first time in more than 18 months, the S&P' returns over the next half year were mostly pristine since this typically happened after a recession.

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