Leading indicators, coincident indicators, and lagging indicators represent a classification of economic data based on their timing relative to GDP, with leading indicators predictive but imperfect, lagging indicators definitionally reactive, and most investor focus misallocated to lagging indicators.

definitionpending

Speaker

Richard Bernstein

Evidence Quote

leading indicator is one that actually leads GDP... lagging indicator moves after GDP

Source

The Colossal Mistake | The Danger of Narrow Markets — Practical Lessons from Richard BernsteinExcess Returns
Created: 8/11/2026, 7:31:42 AM

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