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USING THE ECRI AS AN INVESTMENT TOOL

Great tool here from David Rosenberg at Gluskin Sheff.  As we note on a weekly basis the ECRI’s leading index has proven to be a fairly prescient market indicator.  Mr. Rosenberg did the legwork for us and shows us how to utilize this tool in our investment plans.  He broke down the historical market performance based on the ECRI’s varying phases.  As noted last Friday, we are clearly in a Phase 3 slowdown according to the ECRI.  Therefore, it can be expected that the S&P will remain volatile and likely underperform:

(Right click for larger image)

Source: Gluskin Sheff

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