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How to Face the Next Bear Market With Confidence
By Advisor Perspectives
We’re about nine years into the economic recovery following the Great Recession. It’s been an extraordinarily profitable period for the stock market—one of the best in U.S. history—and I hope you’ve participated.
But every bull market ends with a bear market, and while no one knows for sure when that will be, it’s probably safe to assume we’re in the final stretch. In its June outlook of the U.S. economy, Spanish bank BBVA put the probability of a recession in the next 12 months at 16 percent, up from 5.2 percent in January. That’s the highest figure since 2016, when financial markets grew restless in anticipation of the U.S. presidential election. Before that, the model was last highest right before the crisis a decade ago.
Read more at Advisor Perspectives.
Photo: Soren Wolf