A close look at sectors can tell us where we are in the economic cycle. The chart below from Chris Vermeulen via LinkedIn shows that the dominant sectors currently are utilities and precious metals which occur typically at the very end of business cycles as we enter a major bearish phase:
Patriots Select North Carolina Quarterback Drake Maye With No. 3 Pick In
NFL Draft
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As the 2024 NFL draft reached the New England Patriots, so did quarterback
Drake Maye. The North Carolina product went No. 3 overall on Thursday night.
32 minutes ago