CHART OF THE DAY: VOLATILITY AND THE BUSINESS CYCLE

Excellent chart here on the business cycle and volatility. If the economy is truly recovering expect to see volatility continue its slow grind lower:

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Source: GS

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.