On Wednesday, the Conference Board released it's leading indicators report for April. Not only did the combined index rise sharply for the first time since June 2008, but when examining all the components that make up the index, strengths overcame any weaknesses. It was the first time in over a year and one half that those positive components outweighed weak ones. Stock prices, the interest rate spread, consumer expectations, initial unemployment claims, the average workweek, and supplier deliveries all pushed the index higher in April.
Conference Board economist Ken Goldstein said, "This is more broad-based. It's not just the stock market rally."
(click on chart to enlarge)
Source: (The Conference Board)
When all you read is gloom, turn here for a much different perspective.