Are we in a cyclical bull market?

Steve Leuthold talks on Bloomberg about the reasons he feels we are going to see a cyclical bull market (as opposed to the secular bear that many feel we are in). Small cap stocks (likely some pinksheets) and many others are headed upwards according to Leuthold who feels that this we are seeing the best valuations he has come across in his 45 years of studying the markets.  He says that a split of 65% in stocks is now advisable, that is a huge weighting given the market moves we have seen lately where equity holders have been continuously wiped out. Big tech stocks and gold both feature in his talk.

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