Goldman's Global Leading Indicator Struggles To Signal Expansion

Goldman Sachs just released some fresh commentary on the Global Leading Indicator (GLI). Goldman's GLI has been struggling to definitively break into the expansion zone.

Back in July, Benzinga noted Goldman's GLI was "still stuck" waiting on expansion.

In the note, Goldman highlighted the potential expansion in but says "it is important to emphasize that the change in growth is very small, and is likely more indicative of a stable macro environment, rather than one where growth is ramping up again."

Data looks stronger in the U.S. when compared to the rest of the world but impact from the China and EU slowdowns will put downward pressure on the American economy