Business Cycle Index
The BCI at 226.5 is below last week’s 227.5, and the BCIp is at 93.4. Also, the 6-month smoothed annualized growth BCIg is at 14.3, which is below last week’s 14.9.
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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