Cycle Economist

From The Desk of David GurwitzFor new clients, we mentioned on CNBC in late 2014 that we would not see more than 5% upside in Equities until the big crash starting in 2017At the time, the S&P Futures was trading around 2120 Although it reached that level a few times afterwards, we felt being long stocks was risky, and many stocks lost a big portion of their market capitalization We sent the study below as #2016 - 013 Charles Nenner Research Center - Summary of 5 Economic Indicator Forecasts and Some Thoughts on "Fundamentals" - Jan 24, 2016 SundayIt explains how cycles workWe quote in part from that study: Late in 2014, based on our cycle work, we noticed instability in the markets For our new subscribers, we review our philosophy: Cycles predict the ways investors will react to the news and events - based on rigorous analysis and calculations of past patterns. We do not know these events, but they do not have to happen for the effect to occur - at cycle tops or bottomsFor example, if the Fed only thinks