We're six years into a surging bull market in U.S. equity markets. Bull markets usually last five to seven years. The stock market is valued above its historical average. We're due to have a correction in the stock market. Will it happen in August, September, or next year? Nobody knows.
It's important to be prepared for a correction. I'm going to talk about how we do that from a portfolio standpoint, and just as importantly, how we prepare for that emotionally.