Not yet bottom

The Conference Board announced today that its Index of Leading Economic Indicators (LEI) rose in April for the first time in many many many months (the LEI peaked in July 2007). However, the Index of Coincident Economic Indicators (CEI) continued down. The CEI is one of the best monthly gauges of how the economy is doing.
So, we haven’t hit bottom yet. But it may be in sight.

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