Using the Business Cycle to Manage Your Investments
In his recent lecture as part our Summer Speakers Series, our senior research fellow Bob Hughes looks at how equity prices performed during business cycles.
Despite the long postwar increase stock prices, “there’s a lot more going on than a simple upward trend,” he said. There have also been long periods where the markets have had a flat trend. Using back testing, he used AIER’s Leaders Index to see how investors would have fared by increasing and decreasing equity exposure at various points in the business cycle. The results, he said, look promising. You can see the video here.
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