The US Conference Board released its Leading Economic Index data for February today under the tag "Negative Momentum Eases a Little". Their chart looks like this (via Briefing.com):



Another flavour, on a longer run, using (free, downloadable and interactive) OECD data against the S&P500:



Leading indicator data has taken plenty of criticism in the not too distant past (nota bene, the OECD justify theirs in a tidy little academic-style paper). But despite the obvious question what's-it-actually-leading the numbers are not (probably) entirely worthless. It's usually the accompanying narrative that needs careful handling...

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