Stocks reflect the early days of one of the largest Bull markets in history, says Hedge-Fund Manager

• The Hedgefonds manager Eric Jackson believes that an “all -rally” can maintain the stock market.

• Jackson compared the economic environment with the Bullmarkt of 1982, when the rates fell and the economy grew.

• Renij reductions, economic growth and changes in the revenue curve prefer risk assets.

The non -repellent rise in the stock market can become an “all -rally”, says the hedge fund manager Eric Jackson of EMJ Capital.

In an interview on Tuesday, Jackson told CNBC that the current environment of economic growth and interest rates reminded of the early days of the Bull Market 1982, one of the best performing progress of the stock market of all time.

In the first 10 months of the Bull market of 1982, the Nasdaq rose 107%, Jackson noted.

“The last time that the yield curve was reversed for so long and then finally broke to the advantage as we recently saw, in a benign economic environment where rates are falling, was August 1982,” Jackson said.

He added: “And when that happened, there was a rally of the stock market that lasted 10 months. Nasdaq rose by 107% during those 10 months. So I think we could have an all -rally.”

That would mean that everything from Small-Cap technology shares to the Mega-Cap-Tech shares would get higher together.

The combination of interest rates of the Federal Reserve, resilient economic growth and the on-inversion of the interest curve is generally a favorable environment for risk provisions, especially if inflation remains modest.

When a similar scenario took place in the summer of 1982, the S&P 500 launched a five -year bullmarkt that delivered a total return of 229% and an annual profit of 26.7%, the second highest annual profit ever, according to data from First Trust.

The non-inversion of the two-year-old and 10-year-old US Treasury Yield Curve is significant because it has been in a negative area for about 26 months, the longest in history.

The revenue curve finally went positive earlier this month.

The revenue curve that flashed between positive and negative and positive, is considered a reliable recession indicator, but with the economy still in good condition, this time seems to be different, as in 1982.

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