The stock market has met zero out of eight conditions that historically give new bull markets the all-clear, observes The Leuthold Group’s Doug Ramsey. While some bull markets have begun without his checklist being fully ticked, Ramsey is concerned that investors are proceeding with unbridled optimism about this particular rally. Click here for more BI Prime stories.
The stock market’s resilience in the face of economic uncertainty and social unrest is now undeniable.
As of Friday, the S&P 500 was down just 1% for the year after its fastest crash into a 30%-plus bear market a few months ago. The Nasdaq Composite already returned to new highs late last week after the monthly jobs report shattered expectations.
But these developments — as bullish as