Question: . The most recent kink point (e.g., peak or trough) in a business cycle announced by NBER was a trough in April 2020. You are

. The most recent kink point (e.g., peak or trough) in a business cycle announced by NBER was a trough in April 2020. You are a portfolio manager and try to allocate funds among several industries: automobile, pharmaceutical. food, and home appliance. Which industry should you invest? Explain. Now assume that overnight, NBER makes announcement that September 2021 was the peak of the recent business cycle. Will this announcement have any impact on your fund allocation? Explain. 6 points) . The most recent kink point (e.g., peak or trough) in a business cycle announced by NBER was a trough in April 2020. You are a portfolio manager and try to allocate funds among several industries: automobile, pharmaceutical. food, and home appliance. Which industry should you invest? Explain. Now assume that overnight, NBER makes announcement that September 2021 was the peak of the recent business cycle. Will this announcement have any impact on your fund allocation? Explain. 6 points)
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