The history doesn't look good four years into a bull market. Why these strategists are still optimistic.

Core Viewpoint - The stock market's valuation has reached unprecedented levels during the fourth year of a bull market, indicating potential overvaluation and market dynamics that have not been previously observed [1] Group 1 - The current stock market valuation is historically high, suggesting that investors may be facing unique challenges in assessing true market value [1] - This situation raises questions about the sustainability of the bull market as it enters its fourth year, a phase not typically associated with such high valuations [1] - Analysts are concerned that the current market conditions could lead to increased volatility and potential corrections in the near future [1]