Where the stock market stands relative to its long-term trend

The stock market currently is 98% above its long-term trend.

You read that right. In order for the stock market to trade in sync with its best-fit trend line that extends back as far as data are available (to 1793), stocks would have to fall by nearly half.

Before you jump off a cliff, you should know that there’s nothing magical about this…

Master your money.

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