Which part of the cycle will we peak in?

There are 4 year cycles and then there are slight deviations from those 4 year cycles.

It all depends on how you want to look at em.

Based on the below chart it would say that the really big move isn't coming until next year:

(Source: https://x.com/Vivek4real_/status/1795904682767847504/photo/1)

I am not sure which one it will be.

I could see us peaking this year or next.

It is a good problem to have!