Market Ethos - November 20th, 2017

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Market Cycle: Let the good times roll

 

This week we provided an update on our Market Cycle framework. With 26 of the 30 indicators bullish, we have not seen this many in the green in a long time. US & Global economic data is strong, fundamentals are improving, sentiment/momentum is good, the only negatives are the Fed raising rates and valuations. Now this doesn’t mean there isn’t a risk of a correction, but should one arise it is safer to say it is a correction and not then end of the cycle.