The BCI at 253.1 is down from last week’s upward revised 256.8, and is below the previous high for this business cycle indicated by the BCIp of 33.0. Also, the 6-month smoothed annualized growth BCIg at 6.1 is down from last week’s upward revised 8.3.
With high probability BCIp will trigger a recession call next week, explained in this article.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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