Macro-Markets Risk Index
James Picerno | May 10, 2013 06:56AM ET
A markets-based profile of US economic conditions suggests that business cycle risk remains low. The Macro-Markets Risk Index (MMRI) closed yesterday (May 9) at 16.3%--well above the danger zone of 0% and within the 10%-to-16% range that's prevailed so far in 2013. When MMRI falls under 0%, recession risk is elevated; readings above 0% equate with economic growth.
MMRI represents a subset of the indicators in the see this post that introduced the index. Meanwhile, here's how MMRI compares on a daily basis since August 2007:
Here's how MMRI stacks up so far this year, through May 9:
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