Historically, the price of gold shows strong cyclicality, following a 30-year pattern (from one trough to the next). In recent years, the gold bull market has entered a parabolic phase fueled by inflationary pressures and geopolitical events. There is a strong correlation between peaks in gold prices and peaks in U.S. inflation, as gold has consistently functioned as a hedge against inflation.

The Curre...

Through his account of the Peloponnesian War, Thucydides highlighted a dilemma that can arise from th...

Financial markets are highly cyclical, and this can be attributed to multiple reasons - the rhythmic expansion and contraction of the economy, the cyclicality of investment flows, and our own human nature. Periods of excessive fear and greed among retail investors push markets to form tops and bottoms, which then ...

In mid-2025, JPMorgan Chase CEO Jamie Dimon warned of an upcoming "crack" in the bond market due to increasing US debt, noting, "I just don't know if it's going to be a crisis in six months or six years." This analysis will explore the likelihood of such a...

As 2025 comes to a close, the cryptocurrency market is at a pivotal turning point. After two years of strong fundamental growth and im...

■ Market: Foreign Exchange | EURUSD

Cyclicality is a defining feature of the global economy and of every financial market worldwide. This phenomenon can be attributed to the cyclical nature of human behavior, which influences consumption, production, and investment. Historically, the economy follows secular cycles lasting approximately 35 to 45 years, alongside shorter business cycles averaging 6.2 years. Equity markets mirror this rhythm, displaying long-term secular cycles that alig...

P/E, PEG, Shiller P/E, and the Buffett Indicator