The ECRI’s Weekly Leading Index continues to show robust signs of recovery. The latest reading fell to 131.9 from last week’s reading of 132. The index’s annualized growth rate fell to 13.6% from last week’s reading of 13.9%.
Lakshman Achuthan, managing director at ECRI says the recovery remains well intact though growth is likely to ease in the coming months:
“After a 20 week decline, WLI growth has been holding pretty steady for the last six weeks, suggesting that, while U.S. economic growth will ease in coming months, the recovery remains resilient.”
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.