Nearing completion of cyclical expansionary period
Appears to be completing its third 7yr expansion and second overall 17yr peak-to-peak cycle. Dotted black trend line likely to break later this year, confirming recessionary expectations.
Trough to end-of-peak:
a) October 1978 low - March 1985 high
b) July 1995 low - February 2002 high
c) July 2011 low - December 2018 high
Peak-to-peak:
a) March 1985 - March 2002
b) March 2002 - present
Trough to end-of-peak:
a) October 1978 low - March 1985 high
b) July 1995 low - February 2002 high
c) July 2011 low - December 2018 high
Peak-to-peak:
a) March 1985 - March 2002
b) March 2002 - present
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