It looks like you're new here. If you want to get involved, click one of these buttons!
Audio and weekly Brief:But don't worry, that's likely not happening any time soon. However, it does mean we could move from an early cycle playbook to more of a mid cycle strategy sooner than normal. Sectors like energy, industrials and health care may do better from here, which is earlier than what we experienced in the prior two expansions. It also means small caps start to underperform large caps sooner than normal, which is a big reason we downgraded small caps last week.
The bottom line: this cycle and bull market likely have years to run. However, it’s running at a faster speed, and that means staying nimble and a bit more tactical with one's equity portfolio. Consider moving more mid-cycle sooner, rather than later.