The BCI at 184.6 up from last week’s 183.4. No recession is signaled by both the derived indicators; BCIg, now at 20.8 up from last week’s 20.6, and BCIp at 100.0 indicates that, for this business cycle, BCI is at a new high.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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