Market Signals Summary:
The MAC-US model is invested.
Stock-markets:
The MAC-US model generated a buy-signal 4/5/2016 and thus is invested in the stock-markets. The sell-spread (red graph) is below last week’s level and has to fall below zero to signal a sell.
The MAC-AU model is invested in the markets after it generated a buy signal on March 21, 2016. The sell-spread is below last week’s level and has to fall below zero to signal a sell.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:

Figure 3.1 shows the recession indicator iM-BCIg down from last week’s level. An imminent recession is not signaled .
Please also refer to the BCI page
The Forward Rate Ratio between the 2-year and 10-year U.S. Treasury yields (FRR2-10) is below last week’s level and is not signaling a recession. The FRR2-10 general trend is downwards.
A description of this indicator can be found here.
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