A Decade After A Fearful Market Hit Bottom, Stock Bulls Continue Historic Run
by Jim Zarroli - Dec. 30, 2019

Excerpt below.

Stocks are finishing 2019 on a remarkable upswing, with all of the major indexes hitting record highs and the S&P 500 up nearly 30% for the year.

"If you look at the world in the last year, worldwide stock markets added $17 trillion — trillion, with a T — in value ... so you've had a remarkable expansion of stock market wealth," says David Kotok, co-founder and chief investment strategist at Cumberland Advisors.

The market has often seemed willing to overlook political considerations. When President Trump was elected, some analysts predicted his erratic nature would tank the markets, which tend to like predictability.

Instead, the opposite has happened. Although his anti-trade rhetoric has sometimes sparked periods of volatility, stocks have soared under Trump's watch overall.

"He does deserve some of the credit for it," Krosby says. "He's provided an exceedingly pro-business landscape for the market."

Kotok says the bull market may actually have gone on too long. Many people on Wall Street have never lived through a bear market, and that can lead them to take chances.

"When you have a large mass of people who kind of think everything's going to be good and it's terrific and it'll go on forever, that's a time for caution," Kotok says.

But for now, the euphoria is winning.

Read the full story here: https://www.kcrw.com/news/shows/morning-edition/npr-story/791784329 or visit https://www.npr.org

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.