Daily Wrap – Small Caps, Dow and Dow Transports Hit Hard on Leading Economic Indicators; But NVidia Mitigates Losses

The morning trade in equity markets accelerated to the downside around 10:15 a.m. ET, just after the 10 a.m. release of the Conference Board’s U.S. Leading Economic Indicators index (LEI) plunged. S&P futures (2m) And why? Leading Economic Indicators dropped to 2016 levels, only held off from much uglier levels by a strong performance from…