Goldman's Advanced GLI now locates the global cycle again in the ‘Slowdown’ phase - characterised by positive but falling Momentum.
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But the bigger picture story is that momentum has been relatively flat lately and remains on the boundary of the two phases - oscillating between 'expansion' and 'slowdown' as more than half of the components have deteriorated this month.
[5]
Good enough reason to buy stocks to all-time highs?
Source: Goldman Sachs