Near The Peak of The Business Cycle?

Crescat macro model only 7 percentage points from record overvalued levels!

It puts this recent selloff in US stocks into perspective. The US business cycle has likely peaked and we are long ways from a market bottom.

Be on the lookout for our letter tomorrow. pic.twitter.com/qkdGnek1ML

— Otavio (Tavi) Costa (@TaviCosta) December 31, 2018