Business Cycle Index
The BCI at 246.5 is marginally below last week’s level, indicated by the BCIp of 99.5. Also, the 6-month smoothed annualized growth BCIg at 14.5 is below last week’s 14.8.
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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