Hello Traders/Investors,

The global economy is still expanding, but not in unison. Countries sit at different stages of their own cycles rather than moving together, which is why capital is rewarded differently market by market.

China is deep in contraction and beginning to curl upward — weak property, slower exports, deflationary pressure, but potentially the earliest recovery call if policy support gains traction. The Eurozone and Canada are in recovery, with manufacturing stabilizing and credit improving. Japan is early-to-mid expansion on governance reform and wage growth. The U.S. is mid-cycle moving toward late: resilient employment and earnings, but elevated valuations and above-target inflation. India is mid-to-late expansion, carried by domestic demand and a capex cycle. Australia, South Korea, Mexico, the U.K. and Brazil cluster late.

The framework's value is directional, not predictive. Markets typically move 6–12 months ahead of the economy, so institutional investors read the direction of the cycle rather than current GDP or inflation prints. The arrows in the chart are illustrative — policy, inflation, geopolitics and earnings can alter the path.

 Remember,  
The market rewards discipline, not only predictions.

All Trades carry Risk/Reward, ADYOR  
\-Trade Safely,  
*see you on the other side.*

[*https://heyzine.com/flip-book/7915a3222a.html#page/1*](https://heyzine.com/flip-book/7915a3222a.html#page/1)

Global Business Cycle — Q3 2026. What's up India ?