▁M ian ' s ▁tutorial ▁on ▁making ▁was li ▁ ▁Category : P aper ▁Category : M ini ature ▁painting ▁Category : Visual ▁arts ▁materials <0x0A> </s> ▁Stock ▁price ▁and ▁bond ▁yield ▁movements ▁are ▁connected ▁to ▁changes ▁in ▁the ▁economic ▁environment . ▁The ▁cy clic al ▁approach ▁to ▁tact ical ▁asset ▁allocation ▁involves ▁monitoring ▁the ▁economic ▁environment ▁for ▁patterns ▁that ▁have ▁histor ically ▁led ▁to ▁tr ends ▁in ▁stock ▁market ▁movements . ▁Gu idel ines ▁to ▁these ▁patterns ▁can ▁be ▁followed ▁to ▁as certain ▁changes ▁in ▁market ▁direction ▁to ▁a ▁varying ▁level ▁of ▁accuracy . ▁This ▁is ▁very ▁helpful ▁to ▁an ▁invest ment ▁decision ▁because ▁an ▁exact ▁revers al ▁point ▁is ▁pract ically ▁impossible ▁to ▁determine . ▁In vest ors ▁can ▁use ▁this ▁information ▁to ▁improve ▁their ▁performance ▁by ▁modifying ▁their ▁strateg ic ▁asset ▁alloc ations . ▁ ▁In ▁this ▁way , ▁an ▁invest or ▁with ▁an ▁asset ▁mix ▁of ▁stock s ▁and ▁b onds ▁could ▁use ▁the ▁cy clic al ▁approach ▁to ▁tact ical ▁asset ▁allocation ▁to ▁re bal ance ▁the ▁amount ▁of ▁their ▁money ▁inv ested ▁in ▁each ▁in ▁a ▁favor able ▁manner ▁based ▁on ▁the ▁economic ▁cycle . ▁For ▁example , ▁the ▁invest or ▁could ▁increase ▁the ▁allocation ▁in ▁b onds ▁and ▁decrease ▁the ▁allocation ▁in ▁equ ities ▁when ▁it ▁is ▁expected ▁that ▁the ▁economy ▁is ▁heading ▁into ▁a ▁re cess ion . ▁Histor ically , ▁b onds ▁have ▁out per formed ▁stock s ▁in ▁re cess ion ary ▁periods . ▁ ▁References ▁ ▁Category : In vest ment ▁management