The BCI at 214.0 is above last week’s 213.1, a new high for this Business Cycle as indicated by the BCIp at 100. However, the 6-month smoothed annualized growth BCIg at 14.5 is below last week’s 14.6.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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