Chart o’ the Day: Strongest Bull Market In 65 Years

Jeff Kleintop of LPL Financial reveals the current bull market for US stocks to be the strongest since WWII in a great chart, and lays out the litany of negatives that have conspired against it (and have so far been vanquished):

The S&P 500 has continued the strongest bull market since WWII [Figure 1] despite all the shots fired at the market this year:

  •        Fiscal cliff tax increases;
  •        Sequester spending cuts;
  •        High oil prices;
  •        Italian election debacle;
  •        Cyprus bank bailout;
  •        Weakening Chinese economic growth;
  •        Federal Reserve communicating the intention to end quantitative easing (QE);
  •        Downward revisions to earnings growth estimates;
  •        Rising interest rates;
  •        A rise in geopolitical risk from North Korea, Egypt, and Syria; and
  •       Bouts of defensive sector market leadership and weak trading volume.

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The chief strategist makes the point that there are no shortage of negatives lying in wait for the markets in the second half – but that so long as economic growth tracks above 2% these negatives should merely offer buying opportunities for long-term investors.

Follow Jeff on Twitter @JeffreyKleintop 

(assume every disclaimer under the sun applies, past performance, indexes aren’t investable, don’t walk beneath ladders, etc)

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