This is a great article from Barry Ritholtz explaining the difference between secular and cyclical markets. Lately, the term “secular bull market” has been increasingly used by more publications, market strategists, and media outlets. In my opinion, Ritholtz does an excellent job of laying out the important differences of the two and how they have historically come about. He also mentions my friend and Raymond James Chief Investment Strategist, Jeff Saut. Jeff has been in the secular camp for awhile now…and he has made many great market calls in the past.
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