%% Maybe right if every month was like a SEPT\LOL; SPY average is 12 %, so looks like he is way off , past SEPT...........................................................................................................
I respect the Bofa team but I disagree. While demographics look weak, it's my opinion that we are on the cusp of a new bump in productivity driven by the confluence of now-emerging technologies. Specifically, the rollout of 5g, IoT, and AI/ML. This will lead to a new paradigm this is, in fact, happening today, and is being sped up by the impact of COVID-19.
You and Cathie Wood are on the same page. I would not be surprised if you are correct! However, obviously, there is a percentage chance on many different outcomes. A killer event like nuclear war would help the bears, though mostly they would be dead.
Funny, I had the same association as @777, Cathy Woods. My gut feeling - for what that ever may be worth something - is on the same page. There are so many new advances being made, evolving quickly, on many fields. Don't rule out the whole ecosystem of blockchain/smart contracts, digital currencies etc. And now NFT's. One poster on ET here posted a link to an article on a new metaverse on the rise, where after a lot of things are digitalized also we will be digitalized. It really blew my mind, like a new sort of paradigm as you name it correctly is on the rise. But maybe I'm getting old ( 40 y'r old 'data scientist' here). This are changes which can change your life if you step on the wright boat.
"wright"boat. Haha: Wrights Law is a Cathy Wood favorite. https://www.forbes.com/sites/jimhandy/2013/03/25/moores-law-vs-wrights-law/