US Leading Economic Indicators Plunge At Worst Rate Since 2009

A worse-than-expected 0.3% MoM drop in the Conference Board leading economic index, ending the year with 5 down months in the last six.

• The biggest positive contributor to the leading index was stock prices at 0.09

• The biggest negative contributor was jobless claims at -0.23

The LEI is clearly not recovering…

And on a year-over-year basis, the LEI is up just 0.1% – its weakest YoY move since Nov 2009…

“Probably nothing”