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.”
Source: ECRI
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.
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