"The Seven Year Glitch" - Has The Time Come?

Here are a couple of interesting charts from State Street's "Mr Risk" Fred Goodwin, courtesy of Saxo's Steen Jakobsen, both of which deal with business cycles. The first is on the economy by way of the Citigroup surprise index which may have recently hit its local maximum and is now due for a substantial deterioration, in line with virtually all other high frequency economic indicators except for the job market which is kept afloat courtesy of low-quality, low paying waiters and bartender jobs (resulting in the "surprising" zero wage growth).

 

 

 

The second one is more suggestive: it looks at key events occurring 7 year cycles, finds that every recent multiple of the year 2015 going back in 7 year increments brings with it some major adverse market event, and asks: is it 2015's turn?