This is a very credible explanation of how the markets are and have been trading:
https://www.youtube.com/watch?v=sEhlH_YlQlc&feature=youtu.be&a

The Unbeatable Investment Management Combination
Conventional asset management isn’t just underperforming. It has structural failures that most investors have never examined. Compounding is the real engine of wealth, and optimal compounding requires proactive processes to

