If the idea that industrial production and markets follow non-random fluctuations, and if the diagrams that tony plummer drew in his books are lined up correctly, we should be within an intercycle hiatus right now after the previous 32 year cycle ended in 2012.
Plummer says that these hiatuses are the working out of energy still left from the previous cycle, which i see as the computer/internet boom, and they always come with an expansion and contraction (the run-up in . He also says that the hiatus are often marred with political tensions, policy ineffectiveness, labor disputes, and in my own mind, possibly a churning of new technologies ready to explode into mainstream awareness and existence. Ideas: internet of things, drones and robotics, biotech revolution, shale gas/nat gas revolution, renewable energy revolution.
I should be vigilant of unfolding political situations and technology trends (such as mass market upgrade to 5G capabilities before and around 2020–Internet of things?)
Of course, I will not allow these theories (as they currently stand) to push me to intellectualize about the future of the market. I will stay even more vigilant on what the market is showing me NOW. But this is interesting stuff nonetheless.