The BCI dropped 0.4 points to 182.0 from last week’s 182.4. No recession is signaled by both the derived indicators; BCIg, which is still rising, at 20.8 up from last week’s 20.4, and BCIp dropped to 95.4 from last weeks 100.0.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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