After a “washout” period like 2022, the difficulty of any advance for the stock market is in determining whether it is the start of a new and sustainable (secular) bull market or just a head fake to the upside amid a secular bear market.

The latest Random Gleanings discussion between Professional Planning & Wealth partners Jesse Hansford & Chris Beard centered on weighing the evidence on the title question of the episode: Are stocks currently in a Bear Market Rally or New Bull Market? The guys approach the question using the evidence in the charts and numbers from the present, considering some charts from the past, and mixing that in with the context of a more ominous macro-economic backdrop.

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