'A New Bull Market Has Begun,' Says Leuthold's Paulsen

The transcript discusses the potential for a new bull market, highlighting that new bull markets typically see significant growth in their first year. It suggests that if a recession is avoided or is modest, the stock market could enter a new bull phase. The discussion includes the role of market multiples, with historical data showing a rise in PE multiples during the first year of bull markets. The speaker contrasts their optimistic view with the generally pessimistic forecasts of strategists, suggesting that if the bear market is over, returns could be substantial.

How does the speaker view the forecasts of strategists regarding market gains over the next year?

What are the speaker's thoughts on the possibility of a recession affecting the stock market?