Are We In The “Seventh Inning” of the Cycle?

Founder and co-chairman of Bridgewater Associates Ray Dalio told CNBC last week that we are now “in the seventh inning of this [economic] cycle.” In light of this assessment, Frank Holmes joined Kitco News’ Daniela Cambone to discuss how investors can cautiously navigate the coming months.

Although some countries’ purchasing manager’s indexes (PMIs) have slowed, market sentiment remains “extremely strong,” according to Frank. He believes that now is the time to stick to The Golden Rule and recommends allocating 10 percent of your portfolio to gold. Additionally, Frank encourages investors to take a look at short-term bonds, especially short-term municipal bonds.

For the full story, watch the interview below!

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.