Leading Indicators Jump

Leading economic indicators rose sharply in April, the first increase in seven months.

Strengths among its components exceeded the weaknesses for the first time in one and a half years.

Strengthening were the following.

Stock prices,
Interest rate spread,
Consumer expectations,
Initial unemployment claims,
Average workweek, and
Supplier deliveries.

Negative contributions came from these.

Real money supply and
Building permits.

When the real money supply starts to grow, this expansion will be unstoppable.

Look for continued weakness in long bond prices and the dollar.