Markets have failed to correct 15 or even 10% for a record period of time during this cyclical bull market. Given the stretched valuations, this makes the market vulnerable to a pullback. What are the types of events which could precipitate such a pullback? Would this pullback presage a new bear market and recession? Thoughts below
I am going to keep this piece short given the last piece by Niels Jensen on valuation. I think Niels makes a very good case for seeing the US mar...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.