The ECRI’s weekly leading indicator’s annualized growth gauge continued to decline in the last week while the index actually climbed a bit. The Weekly Leading Index rose to 122.9 from 122.4 in the past week. The annualized growth rate fell to -6.9% from -5.8%. LakshmanAchuthan, managing director of ECRI says a slowdown is inevitable:
“After falling for six weeks, the uptick in the level of the Weekly Leading Index suggests some tentative stabilization, but the continuing decline in its growth rate to a 56-week low underscores the inevitability of the slowdown.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.