the bull market started in 2015 and not 2009?
This would mean it is not late in the cycle.
If inflation is about to catch up as it does in the middle to end of the cycle and the market has been leading the economy, the global economy is about to heat up.
(all charts are 50 week period Moving Averages of X/CPI with CPI set to 100 at the start of the period)
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