In February of last year, 2023, I explained the following to my Team:
Economic data confirming a recession typically follows a rise in the unemployment rate. Historically, official announcements of a recession are significantly delayed, often occurring when the recession is nearing its end. This delay means that the markets have often already begun to experience a downturn, similar to the sharp declines witnessed during the COVID-19 pandemic. Such market corrections present a prime opportunity for investors to accumulate assets across various markets.
I believe we have now reached the stage I discussed, after more than a year and a half of waiting.
