Business Cycle Index:
The BCI gained on a strong market and continued improvements, i.e. reductions, in the continues unemployment claims. The BCI stands at 160.2 it is up 0.9 from last weeks 159.3
Similarly, the BCIg, the 6-month smoothed annualized growth rate plus six, rose to 18.3 from last weeks 18.1
BCIg at a level of zero signals a recession, thus no recession is imminent.
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