Brian Belski: 15-20-Year Equity Bull Run Has Barely Begun

The transcript discusses the behavior of investors who have not experienced a full investment cycle, highlighting their fear of making wrong decisions. It contrasts past market cycles with current trends, mentioning influential figures like George Soros. The discussion covers the shift in investment strategies, noting that retail investors are now holding stocks longer, while hedge funds lack independent thought. The transcript emphasizes the importance of fundamentals and predicts a shift back to equities as interest rates rise.

What factors contributed to investors being scared to make investment decisions?

What does the speaker believe about the current state of the stock market?

How has the behavior of retail investors changed in recent years according to the text?

In what ways does the speaker suggest that hedge funds have changed in their approach to investing?

What are the implications of interest rates rising for retail investors?