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  • The Conference Board Leading Economic Index (LEI) for the U.S. Fell Again in November

    From prnewswire.com

    The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.5 percent in November 2023 to 103.0 (2016=100), following a (downwardly revised) decline of 1.0 percent in October. The LEI contracted by 3.5 percent over the six-month period between May and November 2023, a smaller decrease than its 4.3 percent contraction over the previous six months (November 2022 to May 2023). "The US LEI continued declining in November, with stock prices making virtually the only positive contribution to the index in the month," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The ... (full story)

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Down again... which begs a questions, who is still buying stocks?

Risk assets are going up as well as non-risk assets. Basically, everything is going up and data is coming in worse and worse.

In the future, stock market should start reflecting reality and start pricing in hard landing.

Bond market is already pricing in recession, so why isn't the stock market doing the same?

Yes, the Fed will cut rates which will cause stock market to rally, however after enthusiasm is over, we are probably gonna see reality kick in.

Economy and stock market are so way off it's insane.
I think almost impossible for The FED cut the rate, maybe they will hold the rate. We can only wait and see wht will happen at the beginning of the year in 2024, hope next year more promising than this year.
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what u need to understand is no one is buying or selling what is happening now, we are trading speculations of what will happen in the future, not what is happening now
Quoting Vancarbon
Here you are Ferna . Not many people like Zerohedges view , I find them refreshing and honest. I commented before the article was wrote Final Q3 GDP, Personal Consumption Revised Sharply Lower As Core PCE Slumped To 2.0% From zerohedge.com Normally the market could care less about data that is at least 3 months old, like for example today's 3rd estimate of Q3 GDP for the quarter ended Sept 30 or, well, three months ago, but on days like today when algos are desperate for bad news to validate the Fed's dovish pivot and extend on premarket gains,...
You give too much credit to algos
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