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The current U.S. economic expansion has continued now, uninterrupted, for 106 months with no recession.

That’s tied for the second longest in U.S. history. The average U.S. expansion lasts 59 months, meaning we’re now 47 months beyond the average of the last 14 cycles.

It's Official! This is the Second Longest US Economic Expansion in History - cycle accounting

Investing Implications?

As you can see in the chart below, year-over-year GDP growth has been accelerating for the past six quarters, after slowing from the 1Q 2015 peak of 3.8%. We've been calling for U.S. #GrowthAccelerating for the past 16 months. 

Our forward-looking GDP estimates are edited out of the chart below. To get our investing playbook subscribe to Market Edges (our weekly macro newsletter) or ETF Pro (our favorite ETF ideas).

It's Official! This is the Second Longest US Economic Expansion in History - U.S. Real GDP Estimates YoY  002

It's Official! This is the Second Longest US Economic Expansion in History - market edges