Business Cycle Index
The BCI at 227.3 is below last week’s upward revised 227.4, and the BCIp is at 99.2. The 6-month smoothed annualized growth BCIg at 15.3 is below last week’s 15.4.
No recession is signaled.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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