Petz, Old News.
Released: Thursday, May 18, 2006: The Conference Board announced today that the U.S. leading index decreased 0.1 percent, the coincident index increased 0.2 percent and the lagging index increased 0.3 percent in April.
.
.
.
LEADING INDICATORS. Three of the ten indicators that make up the leading index increased in April. The positive contributors - beginning with the largest positive contributor - were vendor performance, stock prices, and interest rate spread. The negative contributors - beginning with the largest negative contributor - were building permits, manufacturers' new orders for nondefense capital goods*, index of consumer expectations, average weekly initial claims for unemployment insurance (inverted), real money supply*, and manufacturers' new orders for consumer goods and materials*. The average weekly manufacturing hours held steady in April.
conference-board.org
Next release, for May, due June 22.At least one of those three leading indicators turned down in May. CC down, Help wanted down also.
finance.yahoo.com
Like, 9% down.
Make that two. Interest rate spread tightened also. I don't know about the rest.
Some Jawboning tonight from Fed, around 7:00, IIRC.
Next FED meeting June 28/29.
It'll be interesting but the feel this afternoon,to me, was a local bottom.
(It's been a while since I've felt one of those.)
;-)
I guess we'll see in the morning.
-tgp |
