This year’s equity rally is not behaving like a new bull market (from The Wall Street Journal on October 20)…

We are now more than a year from the bear-market low of October 2022, and while the bull market isn’t exactly raging, stocks are still up more than 20%.  The markets, though, aren’t behaving as they usually do at the start of long-lasting bull markets. In some respects, the past year looks more like the
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