The Roaring 2020s Are Prodding the Bull

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The Roaring 2020s have been very good so far, but not exceptional when examined in isolation. That said, when viewed in the context of the past 16 years, this record-breaking bull market is spectacular.

Recency bias leads the human brain to believe there will be more of the same. However, history suggests otherwise; expensive markets tend to become less expensive.

The roaring 2020s

U.S. stocks and gold have led the Roaring 2020s asset classes. The chart below depicts the performance of the S&P 500 and the returns of key asset classes from 2020 to 2024.

US Stocks