Deficits Demographics: Late-Stage Features and Investment Portfolios

deficits demographics: But first, the here and now, according to Market Watch. Today's market has been shaped by extreme and unusual policies over a decade, Brink wrote in a recent note co-wrote by AB portfolio manager Walt Czaicki. This could be particularly true in the coming years if the Joe Biden stock market depicted in our call of the day see below becomes a reality. Fiscal stimulus, debt levels, deficits and demographics are adding some uncommon ingredients into the late-cycle stew. So-called late-cycle refers to a period during the latter stages of an economic expansion, when growth naturally slows and some investors switch to a more defensive stance in their investment portfolios, in anticipation of lower returns. Taken together, these could extend the late-stage features of the current cycle for much longer than usual. (news.financializer.com). As reported in the news.