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Where We Are in the Cycle – Connecting the Dots

Last week I posted a good chart from Morgan Stanley showing where some countries are (potentially) in the business cycle.  Of course, the business cycle is not the market cycle so this doesn’t really connect the dots to anything.  Luckily, David Rosenberg has some data for us (at least as it applies to the USA):

cycle_sp

 

Source: Gluskin Sheff

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