00:00 Josh
You indicate here the bull market younger than many would think. What do you mean by that, David? and and and are what are you suggesting about how how much further this market could run?
00:15 David
Yeah, Josh, I was saying here that, you know, bears sound smart but bulls make money. Everyone wants to equate, you know, bull markets to to a baseball game. Say, hey, you know, we’re in the seventh, eighth, ninth inning of of the baseball game in this bull market rally. And obviously we’ve had, you know, great high velocity returns since the the tariff bottom back in April or even back to October 27th of 23 or October 12th of the 2012. Like we’ve had great returns. We’ve had a lot of right tail environments which I I love. I embrace and I and I I want more of them. But that just makes a lot of people believe that we’re close to the end of this business cycle, which I think is firmly incorrect.
01:01 David
The average bull market tends to last about 65 or 66 months. Really since the October 202 2022 bottom, we’re only 39 months into this bull market. But not only from a duration standpoint, you know, you could also look to a performance standpoint. The market is up 91% during that time frame. The average bull market tends to last uh you know, up 190%. and one cool statistic or super superlative is that whenever the market has hit its third birthday from a bull market standpoint, it’s always lasted at about five years. So, again, bear bears sound smart, bulls make money. I I think it’s really imperative that investors continue to invest in risk assets, uh I.E stocks.
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