Goldman Confirms Global Cycle Drops Back Into Slowdown

Goldman’s Advanced GLI now locates the global cycle again in the ‘Slowdown’ phase – characterised by positive but falling Momentum.

 

But the bigger picture story is that momentum has been relatively flat lately and remains on the boundary of the two phases – oscillating between ‘expansion’ and ‘slowdown’ as more than half of the components have deteriorated this month.

 

Good enough reason to buy stocks to all-time highs?

 

Source: Goldman Sachs

    

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