Los Angeles

Cycle Summary

Los Angeles sits in the Recession phase, roughly between 2:30 and 4:30 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 turning downward, indicating that broad-based deterioration may be beginning to change the market's direction, while credit conditions remain open and are not materially constraining market activity.