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:
Wildfires Contributing To U.S. Air Pollution Levels, Study Finds
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Extreme heat and wildfires are contributing to unprecedented levels of air
pollution in the United States, according to the American Lung Association
study.
21 minutes ago