US equity market chartbook: Are we in an ongoing secular bull market?

Axel Merk Merk Hard Currency Fund

The market appears to be showing some jitters around the rise of delta variant Covid cases. ... As noted last week, any new or prolonged lockdown measures will likely elongate the above-average inflation period. ... Also, the market is getting close to extended levels both on the 5-year and 10-year time horizons. And it’s trading at the high end of its log-scale trend channel....

...the NBER announced that April 2020 was the end month of the recession, making it the shortest recession on record. It underscores why the market bottomed when it did–bear markets usually bottom before recessions end.

Author

Axel Merk

Merk Hard Currency Fund

Axel Merk is the Founder and President of Merk Investments. Merk is an expert on macro trends, hard money, international investing and on building sustainable wealth.

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