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):
Source: Gluskin Sheff
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.