With everyone so certain about the upcoming recession, even Cardi B, why don’t we take a step back and look at what the actual prices of stocks are doing.
You can see here that the Dow Jones Industrials and Dow Jones Transports have done absolutely nothing for over a year.
For perspective, stocks first peaked in January of 2018, then went nowhere for 3 years, and finally broke out:
After a historic rally, everything changed in the first half of last year.
You can even argue that stocks peaked 16 months ago in February. In fact, I have been arguing that.
The question is not whether or not we’re going into a bear market. What we’re really interested in is how much longer we’re going to be in one.
Do you see it differently?
I’d love to hear how.
Let me know what you’re thinking.