By Rob Morgan The bull market in equities will turn 11 years old in early March – and many investors believe it is getting long in the tooth, including me.
All business cycles eventually end, regardless of the efforts of the Federal Reserve or the president.
Generally, when a business cycle ends, a recession ensues – although in some cases the Fed has been able to engineer a “soft landing” and avoid recession.
But even when the Fed has been able to do this, the stock market enters a “correction” phase – at least a 10% decline.
When this happens, bonds have historically had their own way …read more
