How Business Cycles (and Market Trends) End

by Michael Cembalest of J.P. Morgan Asset Management

Two of the most recent US stock market peaks had quite short (1-4 month) lead times before economic data peaked.

The world is not only growing smaller but faster thanks to the tech revolution, so a serious market peak provides less warning than before. Caveat emptor.

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How Business Cycles (and Market Trends) End

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