Part 3/7:
Expectations for the Bull Market Duration
When questioned about the prospects for extending the bull market phase, Andrew weighed in on the notion of a likely moderation in returns. While some analysts predict a continuous uptick driven primarily by tech stocks, he expressed skepticism towards this prediction, focusing instead on the importance of broadening market participation among various asset classes.
Andrew cautioned against the risks associated with overreliance on large-cap stocks, noting that while these stocks have performed admirably, the market lacks the strength of diverse investment strategies, including active management and asset allocation, which he finds critical for sustaining growth.