In John Murphy's Intermarket Analysis and Martin Pring's The All-Season Investor books, the authors mentioned at different business cycle stages, different stock sectors perform better than others. I am wondering whether it is possible to use the IBD stock group ranking to identify which business cycle stage we are currently on? Is there anybody ever did an in-deep study of this issue by going back to the different business stage/ stock market stages and comparing the top performing sectors on the IBD news paper to the peak/bottom of those cycles?
-- Clearpicks
-- Clearpicks