Back in January I forecast growth throughout 2015 subject to the caveat that I needed to see 4th Quarter GDP (for private residential spending and corporate profits) before extending that forecast definitively through the 4th quarter of this year.

Now that the first quarter of 2015 has passed, let’s update that forecast.  To begin with, we can simply rely on the Conference Board’s Index of Leading Indicators, which are more weighted towards the short term, for the next 6 months.  Here they are: