Guy Stephens: Where has the business cycle gone?

‘Overvalued rollercoaster’

clock • 6 min read

As investors nervously await some kind of 'black swan' event that may derail markets, Guy Stephens takes a closer look at why the traditional business cycle has been disrupted

A couple of weeks away on the beach does wonders for the investment psyche and helps put all the noise into perspective. What is somewhat concerning, however, is there seem to be even more bears around than before embarking, willing a correction to occur. Yet corrections do not just ‘happen' - there has to be a sufficiently scary catalyst, causing investors to panic and prefer cash, earning negative real returns in the meantime. As we all wait for this correction event, with many on ‘black swan watch', having already moved to the side-lines, perhaps we should be thinking slightly diff...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read