<p>Michelle and Vox unpack a common investing mistake: treating every late-cycle signal as a countdown to recession. Using recent active-ETF rotation, the Treasury curve, inflation expectations, and credit markets, they explain why managers can trim crowded winners, raise cash, and still stay constructive on selective equity exposure.</p>

Michelle and Vox unpack a common investing mistake: treating every late-cycle signal as a countdown to recession. Using recent active-ETF rotation, the Treasury curve, inflation expectations, and credit markets, they explain why managers can trim crowded winners, raise cash, and still stay constructive on selective equity exposure.

S1E154 - When Late-Cycle Doesn't Mean The End

Thinking in Markets focuses on the structure behind global markets — time, liquidity, and the interaction between futures and cash sessions. From macro instruments like rates and FX to equities across Asia, Europe, and the U.S., each episode turns complex systems into simple, durable frameworks.

Share S1E154 - When Late-Cycle Doesn't Mean The End

Sign up to save your podcasts

S1E154 - When Late-Cycle Doesn't Mean The End

S1E154 - When Late-Cycle Doesn't Mean The End