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The BCI remains unchanged from last week’s upward revised level of 169.2. BCIg, the smoothed annualized growth of BCI, is slightly down at 16.9 from last week's upward revised 17.0. This week’s BCI shows no recessionary trends.
Figure 1 plots BCIp, BCI, BCIg and the S&P500 together with the thresholds (red lines) that need to be crossed to be able to call a recession.
The off-peak indicator BCIp is at 99.9 and at this level the BCIw graphic with the tracks to recession is not applicable.
Apart from the weekly Business Cycle Index, updates of a number of weekly and monthly financial macro models are also available on the website.
Anton Vrba and Georg Vrba
Anton Vrba is an electrical engineer. He pursued a career in R&D, manufacturing and construction project management. He developed the iMarketSignals' proprietary Business Cycle Index (BCI) and the authors' website. His other interests are mathematics and physics. He is a lateral thinker and has many ideas that challenge the established and accepted explanations.
Georg Vrba is a professional engineer who has been a consulting engineer for many years. In his opinion, mathematical models provide better guidance to market direction than financial "experts." He has developed financial models for the stock market, the bond market, yield curve, gold, silver and recession prediction, all published in Advisor Perspectives. The models are updated weekly at http://imarketsignals.com/.