Business Cycle
Last Update: 25/04/2026
Looking at the performance of the three major asset classes in the market can help us understand what stage of the economic cycle we are in. Starting from the model developed by Martin Pring in his “Intermarket review” and using our own analysis, we try to see what the markets are telling us at the moment. In which phase are we out of the 6 predicted by Pring?
One week evaluation (short term)
The overall score obtained by individual assets in the last week. This is a short-term indication
Commodities
0.5850
Stocks
0.5500
Bonds
0.2200
Evaluation at 3 weeks (short term)
The 3-week average of the overall scores obtained by individual assets. This is a short-term indication but less volatile than the one-week figure
Stocks
0.5067
Commodities
0.4817
Bonds
0.1433
Summary