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LeadingIndicators posts

Closing Bell: Bears are on vacation (AIG, GME, PETM, GOOG, SHLD, SBUX)

Posted Aug 20th 2009 4:10PM by Jon Ogg (RSS feed)
Filed under: Google (GOOG), Starbucks (SBUX), Sears Holdings (SHLD), Amer Intl Group (AIG)

This was one of those days that the overseas stock markets had a boost for the U.S. and the strength just stayed around. Despite a worse jobless claims figure, there was an actual positive report in the Philadelphia Fed manufacturing data and the Leading Indicators did not hurt the market either.

Here were today's unofficial closing bell levels:

Dow 9,348.54 +69.38 (0.75%)
S&P 500 1,007.37 +10.91 (1.09%)
Nasdaq 1,989.22 +19.98 (1.01%)

Top 10 Analyst Calls

Continue reading Closing Bell: Bears are on vacation (AIG, GME, PETM, GOOG, SHLD, SBUX)

Economic leading indicators point to a slowdown

Posted Mar 27th 2007 10:52AM by Eric Buscemi (RSS feed)
Filed under: Economic Data

It is no coincidence the Fed changed its language last week from concerns about inflation picking up to a neutral stance on prices. From looking at the chart below, when the downward slope of the economic leading indicators has been this steep, it has meant a meaningful slowdown is on the horizon.

Mr. Bernanke is very aware of this chart. The question is how proactive he wants to be. Greenspan never would have stopped raising rates when Bernanke did -- a very bold move for the relatively new Fed Chairman. A bolder move would be to lower rates at the next meeting and forgo a recession.