Great news America! Leading Economic Indicators 'soared' 2.8% MoM in May - the biggest monthly gain ever.
The biggest positive contributor to the leading index was jobless claims at 1.9
The biggest negative contributor was ISM new orders at -0.48
However, this bounce follows the record collapse in March and April...
However, for all those banking on a "V"-shaped recovery to match the market's euphoria... it's an epic fail...
If you look really carefully, you can see the "recovery".
Isn't this supposed to be leading?