Indicators can also be categorized as Leading Indicators, Lagging Indicators, or Coincident Indicators depending on whether changes in the indicator series happen before, after, or at the same time as changes in the economy. These categorizations can even be different depending on the phase of the business cycle. For example, a series tracking the number of people unemployed is categorized as leading for peaks, lagging for troughs, and unpredictable for turns. The series tracking corporate net cash flow, on the other hand, is categorized as leading for peaks, troughs, and turns. Generally, bond and currency markets tend to react more to the economic news than the stock indices, which also must take into consideration specific company and industry fundamentals.
Bond markets are concerned with the pace of economic growth and inflation.
Stock indices are concerned with earnings, which are driven by economic growth and the asset allocation implications from changes in interest rates. Currency markets are concerned with the pace of economic growth, inflation, and foreign trade imbalances. If your browser can't open these, please go to this page . Atlanta Fed Survey Beige Book Business Inventories Chain Store Sales Consumer Sentiment Construction Spending Consumer Confidence Consumer Credit Empl. Jobless Claims LJR Redbook New Home Sales Phil.