The BCI at 207.4 is above last week’s 206.7 forming a new high for this Business Cycle indicated by the BCIp at 100.0. However, the 6-month smoothed annualized growth BCIg remains unchanged at 14.5.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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