Secular is a descriptive word used to refer to market activities that occur over the long term. Secular can also point to specific stocks or stock sectors, unaffected by short-term trends. Secular trends are not seasonal or cyclical. Instead, they remain consistent over time. Secular stocks maintain a static trajectory regardless of current economic trends. When applying the term to the stock market, a secular market is the market’s overarching trend or direction for five years or more. Further, secular trends may be upward or downward in direction.
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