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A bad monthly employment report-stocks soar=US Leading Economic Indicators Tumbles Most In 30 Months=STOCKS SOAR

Posted by Richard640 @ 13:41 on October 22, 2015  

US Leading Economic Indicators Tumbles Most In 30 Months
Submitted by Tyler Durden on 10/22/2015 – 10:07
Missing expectations for the 3rd month in a row, US Lesading Economic Indicators (LEI) dropped 0.2% MoM. There has not been a bigger monthly drop since March 2013. Ironmically, initial jobless claims (which we have recently explained is now useless) was the largest positive contributor (after the yield curve steepness) but stock prices, average workweek, and building permits weighed heaviest.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.