Cycles, Sectors, And The Perils Of Aggregated Data

The 20th century ended with a bang with U.S. equities peaking on March 24th, 2000 with the apex of the tech bubble. Only in the last few years have major market averages such as the Dow Jones Industrial Average and the S&P 500 index significantly surpassed the levels initially reached then. What is more, the real…

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