It has been almost a year and a half since I last explored the question…
“Is this the end of the bull market?”
The article was posted in June 2019 and in it I concluded that it probably still had some legs to run (as we still had not seen the “animal spirits” in full force). I also mentioned at that time that we were not optimistic as the stock market was de-synchronized from the economy.
Source: DrWealth
Then COVID-19 happened and shook global markets.
But it was terribly short-lived as they began to recover quickly – even reaching new all-time highs in the recent months.
However the climb up this “wall of worry” has been filled with lots of uncertainties.
Will there be a second wave? A third? How about growing global trade tensions? How will the US elections affect this market? Are we in a bubble? What does the Ant IPO delay mean for markets?
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