Houston

Cycle Summary

Houston sits in the Recession phase, roughly between 4:00 and 6:00 on the cycle clock. This part of the cycle is typically associated with Fear. That supports a Cautious investment posture: raise the bar for new investment and prioritize downside protection. The fundamental turn signal is steady, indicating that the model does not currently detect a meaningful change in direction, while credit conditions remain open and are not materially constraining market activity.