The ECRI is reporting continued strength in their Weekly Leading Index. The index rose to 134.7 for the week ended April 30th. The annualized growth growth rate jumped to 12.7% up from 12.4% last week. Lakshman Achuthan, head of ECRI says there is little risk of renewed recession based on this strong data:
“With the forward-looking WLI rising to its best reading since January 2008, there is little risk of renewed recession.”
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.