The Conference Board’s Leading Economic Index (LEI) reached a record high for the seventh straight month in this morning’s release, suggesting that economic strength will continue into 2022. Strength in the LEI was broad-based, as eight of its 10 components positively contributed to last month’s gain. While new highs in the LEI are a positive confirmation for the economic recovery, this month’s issue of InvesTech Research (available tomorrow afternoon on our website) will show that high LEI readings don’t necessarily translate into strong equity market returns…
