We are now in the late stage of a mature share bull market worldwide. The bull market started in around 2009 after the sharp GFC selloff and the duration is thus above average. After a year of very low volatility more normal volatility with sharp selloffs is now becoming the norm. European share markets are particularly weak and they will be the first ones to roll over into a bear market. Eventually other markets in Asia, Australia and the US will follow – as they always do.
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