Start of a New Bull Market? | Weekly Market Commentary | August 15, 2022
James Hendries
AUGUST 15, 2022
The news on the economy and corporate profits hasn’t been great lately, but thanks to low expectations, it’s been good enough to push stocks nicely higher. As shown in Figure 2 , the 90% level has historically signaled the start of new bull markets coming off of major lows such as 2009, 2011, 2018-2019, and 2020. Encouraging Signs.
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