Reported 11 months ago
For the first time in 65 years, the Conference Board Leading Economic Index (LEI) has given a false-positive reading, breaking its flawless prediction streak for U.S. recessions. While the recent year-over-year decline in LEI has now moderated, other economic indicators like a decline in M2 money supply and high stock market valuations suggest challenges for Wall Street in the future. Despite recent economic uncertainties, investors with a long-term perspective are advised to remain patient as history shows that time favors those in the stock market.
Source: YAHOO