The US economic trend has decelerated to the slowest pace of growth since last September, according to a markets-based profile of macro conditions. The Macro-Markets Risk Index (MMRI) closed at 7.8% on Wednesday, May 7. Although MMRI has been trending lower lately, the positive reading still suggests that business cycle risk remains low. Further declines in MMRI that push the index below 0% would indicate that recession risk is elevated. By comparison, readings above 0% imply that the economy will expand in the near-term future.
Continue reading →