does he mean “cyclical” bear market? “Secular” bear market makes no sense
I post these articles to learn from you all.
Apparently, this will be the first godless depression.. LOL
A cyclical bear market is one related to the business cycle. Typically, a cyclical bear occurs at the start of a recession, as earnings contract.
A secular bear market is a longer-term bear market related to changes in the broad economic environment or capital structure. The US markets have been in a secular bear market since 2000. This secular bear has been punctuated with cyclical bull markets (2003-2007 and 2009-present).
Zulauf is saying that the trend is still down.