The Song Remains the Same with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
00:00
How to Avoid Lagging Indicators
The US Conference Board, L-E-I, takes the 10 most effective leading indicators and aggregates them into an index. The year over year change dropped further below 7% over the last 40 years. Every time this indicator drops below that, it stays there for two plus months. So does it mean we're going to get another one now? I don't know but they're sure I don't want to be allocated 100% into equities, 0% in the defensive positions because that's not what my macro models are suggesting at all.
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