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:
Q3 2024 Earnings Estimate for Zimmer Biomet Holdings, Inc. Issued By Zacks
Research (NYSE:ZBH)
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Zimmer Biomet Holdings, Inc. (NYSE:ZBH – Free Report) – Analysts at Zacks
Research boosted their Q3 2024 earnings estimates for Zimmer Biomet in a
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22 minutes ago