US Leading Economic Indicators Tumble For 10th Straight Month, Signal Recession Imminent

"The Conference Board's Leading Economic Indicators (LEI) continued its decline in January,
dropping 0.3% MoM (vs -0.3% exp).

• The biggest positive contributor to the leading index was average workweek at 0.18
• The biggest negative contributor was ISM new orders at -0.28

This is the 10th straight monthly decline in the LEI (and 11th month of 13) -  the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)....." ZH