Tracking Wall Street: What the rise represents

As the pandemic ground industry to a halt, locked-down businesses, and kept people at home, the stock markets continued to defy expectations. This late December 2020 prediction was typical of Wall Street’s bullish optimism, and it proved correct.

“People are optimistic. You know, the economy looks like it’s hitting on all cylinders. … I think we’ve been in a secular bull market since March of ‘09. Secular bull markets tend to run 15 or 20 years, so I think you’ve got years left in this,” said Jeffrey Saut, founder of Saut Strategy.