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What is a bellwether?

What is a bellwether? Here are some definitions.

Noun
  1. The leading sheep of a flock, having a bell hung round its neck.
  2. Anything that indicates future trends.
  3. A stock or bond that is widely believed to be an indicator of the overall market's condition.
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Examples
The research-intensive universities of Canada will be the bellwether for this convergence.
Docile as a bellwether sheep, he let himself be led away, and the rest of the castaways crowded close behind him.
As the world's largest chipmaker, the company is clearly the bellwether for the PC market.
She noticed there were fewer dealers bidding this season for stock, which is not a good bellwether.
It is a bellwether film in that it illustrates American race and gender inequity more directly and honestly than most Westerns of its time.
European mobile telecom stocks dipped on Tuesday morning after Finnish bellwether Nokia said that fourth quarter sales may fall below expectations.

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