Dillon. I agree with a lot of what you wrote in your post. I have similar perspectives on 2024.
One area where I continue to search for good answers is trying to find a good economic cycles diagram that explains where we have been, where we are today and could be heading in the future. E.g. I don't see us at the Yellow star in the picture above. Currently stocks are close to all time highs. The economy is all over the place. Some sectors peaking. Some sectors in the dumps. Economic data is not pointing towards a recession yet. Q3 GDP growth was +5.2%! The standard economic cycle is not playing out as per the text books. Just ask the Conference Board. Their LEI index has been predicting a recession for 19 months in a row...they will be right sometime in the future...or maybe not. Cheers!
Dillon. I agree with a lot of what you wrote in your post. I have similar perspectives on 2024.
One area where I continue to search for good answers is trying to find a good economic cycles diagram that explains where we have been, where we are today and could be heading in the future. E.g. I don't see us at the Yellow star in the picture above. Currently stocks are close to all time highs. The economy is all over the place. Some sectors peaking. Some sectors in the dumps. Economic data is not pointing towards a recession yet. Q3 GDP growth was +5.2%! The standard economic cycle is not playing out as per the text books. Just ask the Conference Board. Their LEI index has been predicting a recession for 19 months in a row...they will be right sometime in the future...or maybe not. Cheers!