The Conference Board’s leading indicator index rose .5% in June for a third consecutive month.  Rising stock prices and stabilization in the housing market are evidence the economy is emerging from the worst recession in five decades; however, rising unemployment will restrain economic expansion.

Retail

With the leading indicator index index on the rise and retail sales up in June, strategic retail buyers look to expand into geographic areas with tremendous growth potential.  Deal flow in the fourth quarter should outperform the previous three quarters as buyers try to acquire while valuations are low.  Even with the positive outlook, some buyers will remain cautious in areas with projected increases in the unemployment rate.