We’re in one of the longest economic expansions in the last 100 years
72 months to be exact. That’s way above the median length of 37 months.
In fact, KKR’s Henry McVey believes that the US economic cycle right now is “somewhere between its middle and later stages.” And that means it may be prudent for investors to scale back on some risk.
“In our humble view, now is the time … to start peeling back some of the more speculate positions in one’s portfolio,” McVey writes.
This article is published in collaboration with Business Insider. Publication does not imply endorsement of views by the World Economic Forum.
To keep up with the Agenda subscribe to our weekly newsletter.
Author: Elena Holodny works at Business Insider.
Image: A street sign for Wall Street hangs in front of the New York Stock Exchange. REUTERS/Lucas Jackson
