Regimes over the S&P/TSX Composite标普/TSX 综合指数 周期叠加
?The S&P/TSX Composite with the regime active at each time shaded behind it — how the classifier behaved in real conditions. Full price history runs to 1979; macro inputs (BoC/StatsCan) anchor the classification from ~2001. The chart shows the last 5 years.标普/TSX 综合指数走势,并以底色标出每个时段所处的周期 — 展示分类器在真实环境中的表现。价格历史可追溯至 1979 年;宏观输入(央行/统计局)自约 2001 年起锚定分类。图表显示最近五年。
Goldilocks理想增长 — growth ↑ inflation ↓ (tech/discretionary/banks)增长 ↑ 通胀 ↓(科技/可选消费/银行)
Reflation再通胀 — growth ↑ inflation ↑ (energy/materials/gold/financials)增长 ↑ 通胀 ↑(能源/材料/黄金/金融)
Stagflation滞胀 — growth ↓ inflation ↑ (energy/gold/materials/utilities)增长 ↓ 通胀 ↑(能源/黄金/材料/公用事业)
Growth scare增长恐慌 — growth ↓ inflation ↓ (utilities/staples/telecom/banks)增长 ↓ 通胀 ↓(公用事业/必需消费/电信/银行)