Business Cycle Index
The BCI at 226.1 is below last week’s upward revised 226.5, and the BCIp is at 90.5. Also, the 6-month smoothed annualized growth BCIg is at 13.1 is below last week’s 13.7
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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