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Why the Cycle Composite is so bullish on 2025

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The NDR S&P 500 Cycle Composite for 2025 shows a strong first half, third quarter pullback, and year-end rally. Years ending in five have been the strongest of the 10-year cycle because bear markets and recessions have been rare. Whether the second half follows the more bullish Cycle Composite or the cautious four-year cycle may depend on inflation and EPS growth.

Ned Davis Research | Equities | U.S. Focus | Weekly

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