Business Cycle Index
The BCI at 226.4 is near last week’s 226.3, and the BCIp is at 92.6. However, the 6-month smoothed annualized growth BCIg is at 13.7 is below last week’s 14.3.
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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