The Late-Stage Of The Current Bull Market Cycle by Dr. Stephen Aust, Marketcycle Wealth Management
As I keep saying: “We’re still in a bull market.” We moved into the late-stage of the current bull market cycle in February of 2016. The late-stage usually lasts from 1-3 years… this one may last toward the longer end of the spectrum. Particular assets and sectors do well during the late-stage (and others do not); MarketCycle’s client accounts are positioned accordingly. Risk is getting lower as we move along… NOT higher. Calculated recession chances six months out is at only 5%, which is extremely low. Investor fears are unwarranted.
The four week sideways consolidation that we’ve just gone through was caused by the utilities sector selling off from extreme overbought conditions, holding down the market. This is nearly over and we should move higher again.
Reputed short-seller Spruce Point Capital Management released its latest short report this week. The firm is shorting Canadian dairy and grocery manufacturer Saputo. Spruce Point chief Ben Axler believes the company is entering a phase of declining growth and highlights the financial stress and growing challenges he sees it facing, not only in Canada but Read More
The following charts show MarketCycle’s eight chosen ETF and Trust assets shown since the beginning of the late-stage which started six month’s ago. One wants to see asset prices (profits) moving (actually zig-zagging) from the lower left to the upper right on the chart.
Bonds: Preferred Shares And Secured Bank-Loans And Treasury TIPS:
Stocks And Commodity Producers:
Thanks for reading!