Much of the last 8 years has been a prosperous time for many investors. With the most recent Q4 correction, investors recently became worried that it was something more. While we haven't experienced a worse December for the S&P 500 since 1930, it has become more evident that earnings growth is slowing in the United States. More than anything, this article goes to show that we are in the late innings of this current cycle. While, optically this seems negative compared to prior years, the economic market still continues to push forward. As said in the article, "Five of our six favorite forward-looking U.S. recession indicators are signaling the expansion will persist for at least the next 12 months or so." This information that the current expansion should persists, validates our stance to favour equities over fixed income.

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