QQQM - Favorable Readings Continue For The AIER Leading Indicators Index But Policy Threats Remain High

• AIER's Business Cycle Conditions Leading Indicators index held steady at 75 in December. The latest result was the fourth month in a row with the index coming in above the neutral 50 threshold.
• The recent run of favorable results for the Leading Indicators Index reflects the ongoing recovery from the dramatic declines in economic activity due to government shutdowns. However, economic data continue to show varied strength among the major sectors of the economy.
• Politics, current policies, and uncertainty over future policy continue to threaten the already-uneven recovery. Overall, the economy continues to expand but remains vulnerable to erratic government policies and political partisanship.

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