Stock prices don’t go straight up, even during bull markets.
Corrections are a normal phenomenon.
Messy market environments are perfectly normal too.
And that’s exactly what we’ve seen.
To be clear, corrections and messy market environments for several months at a time do not change the fact that it’s still a bull market.
We’ve been in a bull market for almost 2 years. That hasn’t changed.
The bigger question is whether this bull market is now ready to resume? Or is more churning, sector rotation and further sentiment adjustment still necessary? [Read more…]