Where are we in the current UK cycle?

UK EQUITIES

Chris Rodgers, director, UK equities, at FOUR Capital Partners, asks if investors should be worried about the end of the UK's bull market phase.

It has been commonplace recently to see commentary highlighting the supposed maturity of the current bull phase, in relation to an average bull market lasting around four years. Such reports attempt to alarm the reader that this is a warning signal of imminent collapse into another bear market. So, should we be worried? To attempt to make inferences about the market outlook based on a simple measure of the time since the last bear market ended is, surely, meaningless. Definitions of bull and bear markets are pretty arbitrary anyway, but that is not the real issue. Bull markets do n...