This is from a recent Orcam Investment Research piece where I described 5 reasons to remain cyclically bullish (not necessarily near-term):
- The Orcam Recession Model remains constructive (ie, no recession on the horizon).
- Global growth is stabilizing as seen in monthly PMIs and the Orcam GDP Weighted PMI Index.
- Risk of a European debt crisis appears contained (for now).
- Hard landing risk in China has declined.
- US housing and lending trends are showing reversal trends in the balance sheet recession.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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