- Economic and business cycles can be broken down into four distinct phases, each of which has unique characteristics.
- We’ve identified two key indicators to help determine where we are in the cycle.
- The current cycle began with a remarkably abrupt recession followed by a rapid recovery and is now in the early to midcycle phase.
- We see three approaches that may collectively suit the current environment.
Views are those of Emily R. Roland, CIMA, co-chief investment strategist, and Matthew D. Miskin, CFA, co-chief investment strategist, for John Hancock Investment Management, and are subject to change and do not constitute investment advice or a recommendation regarding any specific product or security. This commentary is provided for informational purposes only and is not an endorsement of any security, mutual fund, sector, or index. Diversification does not guarantee a profit or eliminate the risk of a loss. Past performance does not guarantee future results.