Everyone’s favorite leading (?) indicator continues to improve along with the equity markets. The ECRI’s Weekly Leading Index rose to 123.8 from 122.5 while the index’s annualized growth rate improved to -7% from last week’s reading of -7.8%. The correlation with the equity markets is certainly beginning to call into question whether this is actually a leading indicator or a coincident indicator….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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