Summary
Phil Anderson explains what bear markets — like the 2022 mid-cycle decline — reveal about market structure and investor psychology, and how subscribers can use this knowledge to position themselves advantageously for the second half of the cycle.
Key Claims
- Bear markets reveal the underlying structure of the cycle and weed out weak holders
- Mid-cycle bear markets are fundamentally different from end-of-cycle crashes
- The 2022 bear market is providing important signals about which assets and sectors will lead in the second half
- Understanding what bear markets “reveal” gives PSE subscribers a contrarian positioning advantage