Loading...

THE 13 WEEK ECRI WLI SAYS RECESSION IS ON THE HORIZON

The following note comes to us courtesy of Chad Starliper, the CIO at Rather & Kittrell:

“The 13-week annualized rate of the WLI is now at -23.46%, something that usually only happens in, or prior to, recessions. This is very ominous economic momentum. I haven’t seen anyone look at it this way, I suppose because the ECRI publishes their own smoothed growth rate.”

Source: Rather & Kittrell

Comments are closed.