Business Cycle Index:
Although the S&P 500 gained this week the BCI declined as the continues claims of the unemployed rose by 91,000 to 3,114,000 from last week’s upward revised figures; alternatively it is is an increase of 161,000 over the 2,953,000 of two weeks ago.
The BCI at 156.5 is slightly down from last week’s revised 156.6 and BCIg for the fifth week in succession on a downward path at 19.9 from last week’s 20.4
The BCI does not signal imminent recessionary trends.
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