US Leading index -0.4%% vs -0.4% estimate

<p>For the news stations, the leading index fell for the 16th consecutive month. The index fell -0.4% vs -0.4% expectations. Last month the index fell -0.7%. </p><p>The index is supposedly pushing toward a recession. At this point, it is the boy that cried wolf but perhaps at some point it will be right. </p><p>Meanwhile, the NASDAQ index has turned negative. It is currently down -20 points or -0.15% at 13454.06. The down – leverages holding onto a gain of 108 points or 0.32%. The S&amp;P index is up 8.7 points or 0.20%</p><p>The Atlanta Fed GDPNow is currently modeling 5.8% growth for the 3Q. Even if it is "crazy" as Steve Leesman from CNBC just called it, it is still higher. </p><p>The Fed's Jackson Hole Summit will commence on August 24 to August 26. </p><p>The US 10 year yield is up to 4.301% up 4.4 basis points.</p>

This article was written by Greg Michalowski at www.forexlive.com.