Newspaper headlines reading better days ahead

The Conference Board’s Leading Economic Index (LEI) rose in October by 0.9% for its ninth consecutive gain.  The consensus was for a gain of 0.6%.  Eight out of ten components posted improvements with all components strengthening over the last six months.  These figures suggest further upside momentum to growth and are consistent with above-trend growth.  U.S. growth continues to modestly improve while growth in the rest of the world modestly decelerates.  In the end, I think fears of deflation unwarranted – especially in the US!  Central banks are still on track to provide substantial amounts of liquidity in 2015.  The question is where all that money will end up…

Written by Nate White, Chief Investment Officer of Paragon Wealth Management
Paragon Wealth Management is a provider of managed portfolios for individuals and institutions. Although the information included in this report has been obtained from sources Paragon believes to be reliable, we do not guarantee its accuracy. All opinions and estimates included in this report constitute the judgment as of the dates indicated and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Past performance is not a guarantee of future results.