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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):



Source: Gluskin Sheff

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