This is the month of St. Valentine’s Day, and it occurred to me that romances sometimes move in cycles, not unlike the business cycle. Think about it, after an initial meeting and getting-to-know-each-other period, a new romantic relationship may develop into something very intense. Then, eventually, it will probably either settle into something stable and lasting, crash like the Titanic or simply fizzle out. The point is that the economy doesn’t just stay the same forever. It changes. And since many of our decisions as investors depend on the business cycle, let’s take a few minutes to decide where we are in the current economic expansion.
Click the following link to read the complete PDF: GIM Market Commentary 02-16-2016