The Macro Minute with Darius Dale Has the secular bear market in stocks begun already?
12 snips
Dec 29, 2025 Markets are climbing, but is a secular bear market secretly brewing? Risk management takes center stage as timing the market often leads to costly mistakes. Darius highlights Wall Street's overly bullish outlook and past strategist missteps. He draws parallels between historical bubbles and today’s potential downturns. With central banks shifting towards gold, the precious metal may see a prolonged bull run. Discover why systematic approaches like KISS could be key to navigating these unpredictable times.
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Secular Bear Is Coming, Not Here Yet
- The secular bear in stocks is unlikely right now but is coming after the AI CapEx bubble peaks.
- Trying to time that transition risks a lifestyle-altering type two error of selling too early and missing the upside.
Don't Time The Transition
- Avoid trying to time the market transition; it invites costly mistakes like selling early and succumbing to FOMO.
- Prioritize systematic risk management over prediction to preserve long-term outcomes.
Strategist Consensus Is Aggressively Bullish
- Wall Street strategists uniformly expect more gains into 2026, projecting a fourth consecutive up year.
- Historical precedent shows strategist optimism can reverse quickly during drawdowns, as seen in 2025.