12-22-2021, 05:16 AM
"The late-cycle phase has had an average duration of roughly a year and a half, and overall stock market performance has averaged 6% on an annualized basis."
The last conversation I had with a professional on this was last summer so I'm not sure if they're still talking this way. But at that time there was a feeling that the combination of COVID and all the monetary policy flushing capital into the system was leading to a compressed cycle where the usual time periods in the cycle would be briefer.
It doesn't really change my investing which targets cash flows and balance sheets but I thought I'd toss that out there. Unfortunately I have nothing beyond this rather non-specific lead-in to offer. I didn't follow up or ask for details - again, not something that would change what I'm doing - but this came from a Fidelity Investment Advisor discussing what was coming to them in-house from the company.
The last conversation I had with a professional on this was last summer so I'm not sure if they're still talking this way. But at that time there was a feeling that the combination of COVID and all the monetary policy flushing capital into the system was leading to a compressed cycle where the usual time periods in the cycle would be briefer.
It doesn't really change my investing which targets cash flows and balance sheets but I thought I'd toss that out there. Unfortunately I have nothing beyond this rather non-specific lead-in to offer. I didn't follow up or ask for details - again, not something that would change what I'm doing - but this came from a Fidelity Investment Advisor discussing what was coming to them in-house from the company.