S&P500: Cycles from 1974 are a Clue to 2025

We invite you to read Bruno’s B.E.S.T. View December issue (written December 29).

Approximating the ebbs and flows of financial data like the S&P500 index with cycles is a delicate endeavor as we were once told by a Central Bank former director that cycles don’t exist (anymore) in economic theory. I concluded that Man had become almighty in smoothing the business cycles of Mr. Schumpeter and noted that such belief is still percolating in climatology as a young student told me recently that cycles don’t exist in this field anymore but are replaced by systems driven by AI. continue reading

You can also take a look at the previous issues: https://bruno.estier.net/