As has been reported many times, this business cycle has continued for a long time.
It has been a difficult year for global equities, with volatility caused by factors such as concern about trade wars leaving many of the world's stock markets in retreat.
Buying opportunities in global stocks
Growth projected to fall throughout the bloc
Avoiding freezing of US-China ties
Liontrust's Williams: Publicity around Trump's trade war will far outweigh long-term economic impact
What is the real impact of escalating China/US tensions?
During 2017, investors enjoyed several positive surprises.
Equity markets have seen a setback over the past couple of weeks, led by the US, and this has also hit the UK equity market.
IA Global sector bestselling
Evolution of the current business cycle a boon
US becoming insular
Protect your investments or do nothing?
Negative impact of US tariffs
A litany of problems on Capitol Hill
Improving prospects in Japan
Trade war tensions a distraction
Europe appears to be in the twilight of the mid-cycle, with economic growth setting at a solid, sustainable pace.
One more in 2018
Trade disputes, dollar strength and extensive currency depreciation in Argentina and Turkey (both with large current account deficits) have weighed on emerging market (EM) sentiment in recent months.
The North American Free Trade Agreement (NAFTA) governs the trading relationship between the US, Canada and Mexico.
Emphasis on grassroots education encouraged