At the beginning of October, in one of its "Daily Observations" newsletter, Bridgewater Associates weighed in on the state of the M&A market, asking the question, "where are we in the M&A cycle"?, according to a recent note reviewed by ValueWalk.
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On the face of it, figures suggest that the explosion in M&A activity can continue in the short-term. Although, the market is becoming increasingly vulnerable to an eventual tightening of monetary policy or slow down of economic activity further down the road.
Looking at historic M&A cycles over the past three-and-a-half decades, US acquisitions as a percentage of GDP are still far off the highs (currently just under 3%) seen at the height of the...
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