In Episode 112 of Doctor’s Wealth and Wellness, host Norm Wright, Certified Financial Planner at SKC Financial Group, explores the natural phases of market cycles and how understanding them can help physicians maintain perspective with their investments. He clearly defines the three main market types—bull markets (rising prices and optimism), bear markets (declines of 20% or more with pessimism), and sideways/range-bound markets (prolonged periods of limited movement)—and discusses how these cycles are influenced by economic data, corporate earnings, interest rates, and investor sentiment. Referencing the 2026 Vanguard Market Cycle Study, Norm highlights historical patterns showing that bull markets tend to last longer and deliver stronger returns, while bear markets are sharper but shorter, and sideways markets often test patience the most. He stresses the importance of time in the market versus attempting to time the market, encouraging steady participation over emotional reactions during volatility. The episode offers simple awareness steps, such as reviewing long-term S&P 500 charts, reading neutral historical summaries, and reflecting on personal contribution history, to help physicians stay calm and focused on long-term goals. Norm invites listeners to try one awareness activity this week and reach out for a free consultation. Examples in this episode are hypothetical and not representative of a specific individual.