The performance gap between cyclical and defensive equities is asymmetric across economic regimes: the return differential is +1.9% per month in 'Growing' regimes, +0.9% in 'Heating' regimes, and -1.4% in 'Stagflation' regimes.

Authors

• Person: Ivan Vratzov Organization: FactSet
  Mapping Asset Returns to Economic Regimes: A Practical Investor's ...

Sources

• Mapping Asset Returns to Economic Regimes: A Practical Investor's ... insight.factset.com Ivan Vratzov · FactSet via serper

Referenced by nodes (3)

• heating concept
• Growing concept
• economic regimes concept