Leading Economic Indicators (LEI) from the Conference Board
This week’s economic calendar started late this morning with the release of September’s Leading Economic Indicators report. The Conference Board announced a 0.5% decline in the LEI, meaning they are predicting weaker economic activity over the next three to six months. Since bonds tend to thrive and look more appealing to investors during weaker economic conditions, we can label the report good news. Unfortunately, this report doesn’t carry enough significance in the markets to offset the overnight weakness that carried into this morning’s session.