Market View
Market View features, from Dow Jones and ICMA-RC’s investment professionals, can help you increase your awareness and understanding of the economy and markets, and how current trends may impact your investments and long-term planning.
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Conference Board Leading Economic Indicators
The chart above represents the monthly percentage change in the index from November 2006 to June 2008 (most recent data available). June's 0.1% drop was buoyed by a jump in NY City housing permits and a positively sloped yield curve (10 yr treasury/fed funds spread). Four of the ten indicators that comprise the leading index were positive in June. The top negative contributor was M2 money supply. After five consecutive monthly decreases the index stabilized in March and April and then fell in May and June. The index now sits at its lowest level since November 2004.
Market Snapshot