Daily Charts - We are now in Year 3 of the Bull Market

1.We are now in Year 3 of the Bull Market

Historically that has meant the onset of more ranging and volatile price action...

The upside is if the bull market survives through to Year 4 it could mean more decent returns ahead.

I don't think I need to explain the downside.

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2.US vs Global corporate earnings

-huge divergence

-clearly reflected in valuations

-numerous threats/opportunities in 2025

One (or both) of these has tremendous potential to surprise vs consensus this year

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