OECD Leading Indicators vs Global Equities

Chart: OECD Leading Indicators vs Global Equities

The latest round of OECD leading indicator data showed ongoing softness in the breadth across countries - which is an interesting and innovative indicator we track as part of a suite of indicators on global equities.  The punchline of course is that this is the kind of thing we usually see during a major correction or bear market.  Like all indicators it is not without its short-comings, but it shows the wobbles currently being experienced by the global economy . . .

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