Author: Zac Martin, Investment Associate
Week Ending January 24th – Open Sourced
Leading Economic Indicators for December saw a slight decline by 0.1% to 101.6. The decline over the second half of 2024 was 1.3% which was slightly less then the first half’s decline of 1.7%. The past quarters decline has been due to the continued, but slowing, decline in new orders and average consumer expectations around business conditions.
Michigan Sentiment declined for the first time in six months. All index components declined except for assessments of personal finances, which increased for the fifth consecutive month. Additionally, inflation expectations jumped to 3.3% from 2.8% and unemployment concerns ticked higher.
The week ahead:
Consumer Confidence (1/28)
FOMC Meeting (1/29)
GDP Q4 First Preliminary Reading (1/30)
Personal Consumption Expenditures (1/31)
HORAN Capital Advisors, LLC is an SEC registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.