FYI: ong-term average stock returns smooth over the bull and bear markets that investors experience, and no two market cycles ever unfold the exact same way. Bull and bear markets can vary significantly in both duration and magnitude.
But there are other characteristics of bull markets that can also differ in meaningful ways, such as velocity, sources of return, and investor experience.
When it comes to analyzing bull markets, inflation, interest rates, equity valuations, earnings, and dividends all play a part.
Assessing the current economic environment in the context of historical U.S. and international bull markets can help set better expectations and reduce the risk of surprises that can lead to emotional decisions
Regards,
Ted
https://blog.thinknewfound.com/2017/02/anatomy-bull-market/
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