Market Insights - November 21st, 2016

Market Cycle - Solidly Late Bull


In this week’s edition we have updated our Market Cycle framework and there is even more evidence we are in the Late Bull phase of the cycle.  This phase typically has greater volatility, narrowing of leadership and good equity returns.  Of course the negative being it ends at some point, but given the majority of our indicators are bullish we believe this is some time down the road.