الأربعاء, 16 كانون2/يناير 2019 11:16

Why This Bull Market Has Years to Run

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(New York)

There has been a lot of bearish sentiment over the last couple of months, with more of a positive trend lately. Put this piece in the positive bucket. The argument in question is from Capital Group, a $1.8 tn manager, who contends that while we are in the late stage of an economic cycle, there should still be a couple years of good earnings growth and returns. The late stage of an economic cycle typically lasts 1-3 years, says Capital Group, and that shouldn’t be any different this time. According to the the firm, “Given that this expansion has been pretty measured, I think we’re expecting that the late stage of the cycle will probably also be quite measured as well … And it doesn’t have to end in a recession”.


FINSUM: We really like that final thought. Everything about this market and economy has been steady for years. A slow and steady end makes sense.

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