business cycle

Sir John Templeton famously said; “bull markets are born on pessimism, grow on skepticism, peak on optimism and die on euphoria.” With the S&P 500 hitting new highs, and growth returning around the world, it’s natural to question how far along the path we are today. Show More

Perpetual Equity Investment Company

The most important macro driver to watch is the stage of the business cycle, explains Vince Pezzullo, Portfolio Manager at Perpetual Equity Investment Company (ASX:PIC). There are two elements to the business cycle. Firstly, inventory cycle – overbuilding at the top of the cycle results in inventory having to clear.... Show More