Early or late cycle? Fast-running bull market unnerves investors
Will history’s longest-ever bull market be followed by one of the shortest?
It’s been just over a year since a new business cycle kicked off, yet the speed at which it’s progressing is unnerving some investors who fear the swift-running bull market is headed for an abrupt end over the coming year.
Some, pointing to higher-than-usual equity returns and valuations for this stage of the cycle, are even asking whether this could just be the same, decade-old bull market which survived last year’s COVID-19 blow.
Either scenario isn’t great for markets. The accepted wisdom is that bull markets don’t die of old age. They meet their end at the hands of central banks, typically when valuations and leverage get too exuberant.
アングル：米株式、今の強気相場は過去最短か 割高感に警戒も
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アングル：米株式、今の強気相場は過去最短か 割高感に警戒も
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U S stock futures point higher after whipsaw week
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