A close look at sectors can tell us where we are in the economic cycle. The chart below from Chris Vermeulen via LinkedIn shows that the dominant sectors currently are utilities and precious metals which occur typically at the very end of business cycles as we enter a major bearish phase:
Gucci Sales Drop 18% In Q1 Amid China’s Slowdown And Demand For ‘Quiet
Luxury’
-
Luxury conglomerate Kering reported a 10% decline in first-quarter sales as
Gucci, its flagship brand, grapples with China woes and brand redirection.
22 minutes ago