Business Cycle Index
The BCI dropped to 168.4 from last week’s upward revised level of 169.4. BCIg, the smoothed annualized growth of BCI, is also down at 16.2 from last week’s 16.9.
This week’s BCI does not signal a recession in the near future.
With reference to Section 202(a)(11)(D) of the Investment Advisers Act:
We are Engineers and not Investment Advisers,
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