S&P500: Recall Long-Term Cycles on Quarterly Chart

We invite you to read Bruno’s B.E.S.T. View February issue (written January 30th).

Longer-term cycles allow us to put in perspective more short term indicator as the January Barometer , which calls for a bullish year 2026. Of course they are many long-term cycles, and it is time to refresh our memory that the four-year cycle low is expected in 2026 and that a conjunction of longer-term cycles are due in 2030, including the 18-year cycle . Let me update the quarterly chart of the S&P500 and recall that we shifted the famous Kondratieff Cycle of the 54-55.8-Year Cycle backward by half a cycle (i.e., 27.75 years). Instead of a low in December 1974, it shows a peak in 1974 and a low in 2002, coinciding with the 27.75-year Cycle. This shift is more intuitive, as the Kondratieff Cycle is related to commodity prices rather than equity[…]