Is the Bear Market Really Not Over in Real Terms?

I think it's possible that you see nominal new highs because we're in a pre-election year, right? And pre-election years tend to be good anyway, just cycle work wise for equities. I'm inclined to think we're not going to get any kind of stimulus. If the reason for that seasonality doesn't come to pass this year, do you think that the seasonality effect and prices will still happen? Yeah, I'd have to look at it myself. But my counter that would be, it's not clear to me if stimulus from China, for example, would still be enough to keep that reasoning in place.

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