The Truth About Today’s Bull Market

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The Truth About Today’s Bull Market

Stocks are currently involved in a secular bull market. It began in 2013 and it is likely to run for at least another 15 years. It’s a natural by-product of the deployment phase of the Digital Techno-Economic Revolution. It began in the latter stages of the transitional period and will continue until this revolution plateaus.

A similar secular bull ran from 1982 to 2000 marking the Installation Phase of the Digital Revolution; the one prior to that ran from 1950 to 1968 marking the Deployment Phase of the Mass Production Revolution.  For investors, just as with the 1950 to 1968 bull, the challenge this time was to determine when the new bull was replacing the old bear. 

At this point, we’re about four years into the secular bull with a long way left to run.  Along the way, we’ve seen plenty of evidence to support that viewpoint.  Yet, we still hear protests from skeptics, wedded to the idea of a slow-growth, “new normal.” 

Rather than focus on the broader issues of Techno-Economic Revolutions, investors are interested in the market-related indicators that demonstrate that this is a genuine secular bull and that it’s nowhere near the end. .

One of the subtle differences between cyclical and secular bull markets, is that secular bulls exhibit consistent strength. Those who subscribe to our sister publications, Business Briefings and Strategic Wealth Advisor know that we’ve persistently forecast the inexorable rise of the market that’s occurred since March 2009.  Over that period, the market continued to send its upbeat message week-after-week for the past 8 years despite the energy price war and financial problems in places as diverse as Europe and Asia. From 2009 to 2013, it was simply a cyclical recovery within the secular bear market that began in 2000.  Then, in 2013, when most investors saw just another new top, which told them the bull market was coming to an end, Trends editors and others declared this to be a “secular bull market.”

We knew that the end wasn’t near because a secular bull starts after a market breaks out of trading-range that has lasted for years...

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