Market Minute: The Conference Board Leading Economic Index

Jan 27, 2023 | Market Minute, Market Updates

The Conference Board Leading Economic Index pairs together multiple economic indicators in an attempt to forecast the health of the U.S. economy. Is the index predicting a recession?

Transcript:

Hello, my name’s Daniel Greulich, Chief Investment Officer of GreenUp Wealth Management. Today we’ll be interpreting the Conference Board Leading Economic Index which pairs together multiple economic indicators in an attempt to forecast the health of the U.S. economy. The following chart shows that this measurement has decreased by four and a half percent when compared with last year’s reading, and historically that has signaled a recession. At GreenUp Wealth Management we’ve argued that since the beginning of 2022 the U.S. has actually been in a mild recession, however not every recession is as severe as the Great Recession which we saw in 2008 through 2009. We do believe that the U.S. is still in the process of achieving a soft landing. Thanks, and have a great day.

Author

  • Daniel Greulich, CFA, CFP®

    Chief Investment Officer | Wealth Advisor | Ann Arbor, MI -- Daniel leads our Investment Committee and partners with Aaron Kirsch, Chief Client Advocacy Officer to design and implement client portfolios with your advisor. Daniel brings 14 years of practical experience as a trader, financial advisor, and money manager at both large and mid-sized financial services companies to GreenUp Wealth Management. In addition, he holds a CFP® designation and is also a CFA charterholder. This combination of experience and knowledge helps Dan confidently guide his clients through the development, execution and monitoring of their customized financial plans.

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