Charts      |      Insights     |      Gold     |      Currencies     |      Glossary
Home > Merk Insights > Glossary > Secular Bear Market

What is a Secular Bear Market?
A secular bear market is a long-term (greater than 10 years) series of full market cycles—a “cyclical bull market” followed by a “cyclical bear market”—in which each consecutive bear market tends to settle at lower and lower levels of valuation.