Why the Stock Market’s Winning Streak May End This Year

History Can Provide a Guide

Stephen Foerster
4 min readJan 10, 2022

Photo by Hans Eiskonen on Unsplash

The U.S. stock market — and many others worldwide — is on a roll, having completed its third consecutive bull market gaining year, since the down year of 2018. Can we expect it to continue in 2022? Let’s leave aside any economic or fundamental considerations and instead use history as a guide.

Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)