Business Cycle – Style and Market-Cap Historic Preferences

By |2015-12-13T21:19:36-05:00December 13th, 2015|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

The graph below shows where to, historically, find out-performance given our likely position in the economic cycle. Some caveats of note to the generalized history shown. One is wise to consider both interest rate manipulation and behavioral factors stemming from and contributing to the extreme markets of the last 2 decades before blindly accepting this style and size equation. These factors give us reason to [...]