Nick Reece, senior financial analyst and portfolio manager at Merk Investments, joins Real Vision to discuss the intersection of the business cycle and equity markets. Reece reveals his indicators and explains where data for the business cycle and equities diverge. Then he details his thesis that, despite heightened odds of recession, equity markets might still soar higher from here. Follow Nick on Twitter, @nicholastreece. Filmed on November 21, 2019 in New York.