The ECRI continues to report improvement in their internal leading indicators. Despite recent market jitters, the ECRI says the economic recovery is continuing at a healthy clip. The ECRI said their leading indicator climbed to 132.1 for the week, up from 131.6. The annualized growth rate edged down to 23.5%. Lakshman Achuthan, Managing Director at ECRI, remains confident that the recovery is poised to continue in the coming months:
“The ongoing recovery in U.S. economic activity is poised to continue in the months ahead.”
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.