What goes around comes around – an update on the Investment Clock
We often consult the Investment Clock, which was first shown in London’s Evening Standard newspaper in 1937. It shows various parts of the economic cycle from peak to trough. While it’s not perfect, it’s a decent indicator of seeing where we are by matching up current events to the clock face. We last shared our thoughts on what we thought the “time” was in June 2023. Following a strong performance by global equity markets over the past twelve months, we thought it appropriate to revisit. The biggest debate with the clock is not the model itself but what “time” we are at this particular moment. This is not an exact science but an exercise that we consider both interesting and useful.
