Are we in Phase 3 of the business cycle?

Funds reduced bullish bets on commodity prices to the lowest level in almost a year on speculation that slowing global growth will curb demand for metals, energy and grains. (Bloomberg)

If the fund managers are correct we might be in Phase 3 of the business cycle.

As discussed in detail in my book Profiting in Bull or Bear Markets, investors should dramatically change their investment strategy. Assuming the funds are correct in what they see ahead for the economy and we are in Phase 3 of the business cycle.

This issue will be discussed in great detail in the next issue of The Peter Dag Portfolio.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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