In this simple segment, we provide perspective to the recent bull market in equities.
We look at other asset classes that have had heydays in the past, and subsequently became stagnant.
Examples provided are:
- Energy (Crude)
- Metals (Gold)
- Real Estate (US Housing Price Index)
We see that each of those markets have experienced strong bull markets in recent history, but have become stagnant in more recent years.
Bull markets do not last forever, and we should expect nothing different for equities. That is the reason for active management.