The US economic trend has been relatively stable and positive in recent weeks, based on a markets-based profile of macro conditions. The Macro-Markets Risk Index (MMRI) closed at 12.0% on Tuesday, January 14--a level that suggests that business cycle risk remains low. The current 12.0% value is well above the lowest reading in recent history (7.5% in mid-September 2013). More importantly, the current 12.0% value far exceeds the 0% danger zone. If MMRI falls under 0%, that would be a sign that recession risk is elevated. By contrast, readings above 0% imply that the markets are anticipating/forecasting economic growth.
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