What if you could identify where we are in the macro cycle by comparing today's economy with every quarter in modern history? In our upcoming 'Democratizing Macro' service, you'll be able to do exactly that. The comparison is based on nearly 1 million data points spanning: • Valuations • Market internals • Labor markets • Interest rates • Credit conditions • Housing • ...and much more. Today's closest historical matches: 🥇 1999 Q4 (94/100) 🥇 2007 Q3 (94/100) 🥉 1990 Q1 (91/100) These periods all shared one defining characteristic: - They were late-cycle environments marked by asset bubbles. - In each case, a recession followed not long afterwards. But identifying the historical analog is only half the story. Our Portfolio Optimizer lets you build, stress-test, and compare portfolios across these historical scenarios - so you can see how your portfolio would have behaved and prepare for what may come next. History never repeats perfectly - but it often rhymes. Stay tuned!