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Investors should prepare for a “super boom” in equities starting as early as 2017 and lasting until 2025, according to Jeffrey Hirsch, the chief market strategist for Magnet Æ Fund.
Hirsch is the author of The Little Book of Stock Market Cycles, which says the North American economy is currently in a "super cycle" that started in 2009 and is expected to run through 2025.
“The major secular bear markets and secular bull markets have revolved around war and peace and inflation and we’ve been in a secular bear market arguably since '98 or 2000 and we seem to be coming to the end of that as we did after World War II, and after Vietnam and after World War I,” Hirsch tells BNN.
“Once inflation levels off…we’ll get peace, we’re pulling out of Afghanistan and we’ll get another boom after we get the political system working well in this country [the U.S.], up north with you guys [in Canada] and overseas. And then we’ll see that next super boom that we had from 1982 to 2000, or from 1949 to 1966, or from 1921 to 1929.”
For investors, Hirsch says the period of November to April is the best time for buying stocks.
Leading into the presidential election, Hirsch suggests there will be a pull back in the market at the end of this month and a “rally into the election."
"If Obama wins [we’ll] have a flatter November; and if not we’ll probably get a bigger November and a weaker October. Next year, I’d be concerned the first quarter for more of a major sell off,” he says
Hirsch says the start of the super boom in 2017 depends on the level of military peace overseas, a productive and functioning U.S. Congress and the upcoming presidential election.
“What we have seen so far this year is we’re pretty much tracking an incumbent win path,” Hirsch said.