Stocks have benefited from an upside bias here in early 2019, but I am concerned about what is to come later this spring. Raising my alarm, the Conference Board just published an ominous signal about the forward economy. The economy is the most important factor for stock market performance, and investors will do their best to preempt any indication of risk to it by selling stocks. So, is the recent deterioration seen in leading economic indicators an omen for stocks?
Leading Economic Indicators
The Conference Board just published its Leading Economic Index (LEI).