The stock market is headed for a hard 'reset' that could take years to recover from, CIO says

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• Stocks are poised for a "reset," according to Technical Traders' Chris Vermeulen.
• Defensive areas of the market are rallying, which is typical in a late-stage bull market.
• Bull markets are inevitably followed by bear markets and a financial reset, Vermeuelen warned.

Stocks have been in the midst of a long bull market, but there are signs that it's finally going to run out of steam and will inevitably be followed by a bear market...