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Summary

Phil Anderson provides a mid-July 2022 market update, assessing whether the forecast mid-cycle low has arrived and what market signals indicate about the trajectory toward the second half of the cycle.

Key Claims

  • July 2022 market update checking progress against the 2022 Roadmap
  • Assessment of whether the projected mid-year low has been reached
  • Guidance on what to watch for as markets potentially begin the second-half recovery