🧵 1. US Leading Economic Indicators (LEI) disappoint with a 0.4% MoM drop in January, marking the 22nd straight monthly decline since June, signaling concerns. #finance
🧵 1. US Leading Economic Indicators (LEI) disappoint with a 0.4% MoM drop in January, marking the 22nd straight monthly decline since June, signaling concerns. #finance
🧵 2. This ongoing streak equals the longest decline since 'Lehman.' LEI down 7.0% YoY for 19 months, highlighting economic challenges despite optimism.
🧵 3. Conference Board sees hope amid negativity, pointing to easing financial conditions hinting at an imminent turnaround in LEI, potential soft landing.
🧵 4. Despite the tough economic outlook, rate-cuts might not be necessary soon, barring a potential banking crisis in March. LEI's trends still concerning.
🧵 5. As LEI remains negative, and decoupled from Real GDP, a turnaround is crucial. The focus now shifts to a looming banking crisis while hoping for economic recovery.
🧵 Read more at: https://www.zerohedge.com/markets/us-leading-indicators-disappoint-equals-longest-losing-streak-lehman