The U.S. economic recovery recently celebrated a big milestone. It turned nine years old. And that’s been nothing short of a miracle.
Since the depths of the recession, the extended economic recovery has now become one of the longest in history – bringing plenty of gains for investors along the way. The problem is that the recovery could be getting long in the tooth.
With a strong recovery, the Federal Reserve has finally begun to shift its interest rate policy. And as the Fed begins to tighten, the natural course of the business cycle has continued to progress. While a recession isn’t in the cards for tomorrow, what worked well for investors a few quarters ago might not hold true in the months ahead.
With rates rising and the business cycle turning, it’s time for investors to switch up their strategy.
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