AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Earning Cycle and Liquidity Cycle Are Nearing Their End
The earning cycle is still strong still mid-cycle but the liquidity cycle is nearing its end. When the two are in competition what you should get is rotation and there'll still be a bull market somewhere within the market. The impact of the higher interest rate will not be as negative as rapid for economically sensitive cyclical value-oriented stocks so that rotation will continue to go on.