Business Cycle Index
The BCI at 178.5 is up from last week’s revised 177.5. The BCIg, the smoothed annualized growth of BCI, at 21.6 is also up from last week’s 20.3.
This week’s BCI does not signal a recession in the near future.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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