Ask The Compound How Much Longer Will the Bull Market Last?
8 snips
Dec 10, 2025 
Jurrien Timmer, a portfolio strategist at Fidelity Investments, shares his expertise in market cycles and analysis. He discusses whether we're at the end of a bull market and compares the current AI craze to historical bubbles. Timmer delves into inflation targets and the evolving landscape of asset allocation, proposing alternatives to the traditional 60/40 portfolio. He emphasizes strong corporate fundamentals despite a slowing labor market, leaving listeners with valuable insights into navigating today's financial markets.
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Define Markets With A Mosaic Approach
- Secular and cyclical market cycles require a mosaic of indicators, not a single start date.
- Jurrien Timmer uses CAPE, trend deviation, valuation and narratives to define long waves since 1870.
AI Rally Mirrors 1990s, Not 1999 Peak Yet
- Current AI-driven rally resembles the 1995–1999 timeline but lacks extreme bellwether valuations so far.
- Jurrien expects earnings to be leading now and valuations could drive a future bubble if they extend.
Let Speculation Shake Out Regularly
- Prefer periodic shakes in speculative corners to help sustain long-term trends and remove weak hands.
- Jurrien welcomes corrections in speculative names to avoid a larger bubble later.