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THE ECRI INDEX CONTINUES TO IMPROVE

Everyone’s favorite leading (?) indicator continues to improve along with the equity markets.   The ECRI’s Weekly Leading Index rose to 123.8 from 122.5 while the index’s annualized growth rate improved to -7% from last week’s reading of -7.8%.  The correlation with the equity markets is certainly beginning to call into question whether this is actually a leading indicator or a coincident indicator….

Source: ECRI

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