Inflation adjusted, the stock market peaked in the year 2000 and a little over in 2022. With bonds yielding absolutely nothing worth while and any increase of .25 .50 basis points + will crash the markets, especially low end bonds. I argue the stock market inflation adjusted, offers such little upside while offering severe risk to the downside, especially over a multi year period. Trading on moving averages rather than buy and hold is probably the best bet to manage markets these coming years. Black Swans are more prevalent than ever too.
Weekly chart, trendline starts from 1982.
Weekly chart, trendline starts from 1982.
~$mmmm