Solid Economy, but Rising Uncertainty in January Reports

January’s reports painted a picture of a solid economy struggling with global uncertainty. The Conference Board’s Leading Economic Index (LEI), an aggregate of ten leading indicators, declined 0.1% in December, but grew 4.3% year over year for 2018. While the LEI declined for the month, positive yearover- year momentum signaled low odds of recession in the coming year.

January 2019 Market Insight