The Conference Board’s report on October’s Leading Economic Indicators showed a better than expect gain of 0.9%. September’s indicator was revised to +0.1% from +0.2%. Dow Jones was only looking for a gain of 0.6% in October. The economist at the Conference Board noted that the index is pointing to continued growth this winter and possibly even gaining momentum into spring.
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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