We are starting with stocks fully valued and short- and long-term interest rates still hovering near four-decade lows. Large bull-market moves are generally accompanied by, or preceded by, declining rates, and we don't have that scenario today.
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The shorter the time until maturity, the less impact rising rates will have on bond prices.James Stack
The comparison of the 2000s (to the prior two decades) will not be favorable from a historical perspective.
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We're tending to steer towards those sectors that are going to benefit from an economic recovery,
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Of the 14 bull markets in the SP 500 index over the past 75 years, fewer than half have lived to celebrate a fourth anniversary.
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The good news is that most of those that made it through three years did manage to extend another full year.
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