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Mr Blonde: What's Ahead For The Stock Market Over The Next 3-6 Months

Market Depth

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Is There a Second Leg of a Bear Market?

In 2022, we had a bear market lag that was mostly driven by large multiple compressions. Now we're getting slowly into a phase where we move from that part of the bear market explanation to basically earnings being revised down. And that reminds me a little bit of 2001, Mr. Blond. When earnings started dropping pretty materially and in 2000, you got the leg of thebear market which wiped out the excess risk taking.

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