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Six Years, One Wall of Worry: Anatomy of the Strongest Run Since the Late 1990s

The current bull market has absorbed a pandemic, the fastest tightening cycle in four decades and multiple geopolitical shocks — yet delivered the best cumulative return in over 25 years, reframing the cost of tactical caution.

Equities have posted their strongest multi-year advance in more than a quarter-century despite a relentless sequence of macro shocks, sharpening the case that time in the market has dominated attempts to time it.

SPECIAL REPORTBULLISH
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