S&P 500 Bull Market

S&P 500 Bull Market This is the longest equities bull market without a 20% drawdown. Picture source: Goldman Sachs

First, Middle, Final Years of S&P 500 Bull Markets since 1975

First, Middle, Final Years of S&P 500 Bull Markets since 1975 The chart shows that the S&P 500 has generated a 26.9% return on average, in the final years of bull markets since 1975, excluding the current bull market. You may also like “Equity Market Performance Around Bear Markets.” Picture source: Legg Mason

S&P 500 Return – Longest Bull Markets Ever

S&P 500 Return – Longest Bull Markets Ever Chart showing the longest equity bull markets ever. October 9, 2019 was the bottom in 2002 and peak in 2007. Picture source: Ryan Detrick, LPL Financial LLC

S&P 500 Bull and Bear Markets

S&P 500 Bull and Bear Markets In recent history, past bear markets have been shorter than bull markets. Picture source: Charles Schwab

S&P 500 – Secular Bull Market Analogs

S&P 500 – Secular Bull Market Analogs The bull market that began in 2009 could have similarities with the secular bull markets of 1982-2000 and 1949-1968. Keep in mind that since the Great Recession, US stocks have behaved like a secular bull market. Picture source: Fidelity Investments

Percentage Change in S&P 500 in Previous Bull Markets

Percentage Change in S&P 500 in Previous Bull Markets The current bull market is nearly 3,750 days old, twice as long as the average bull market. This is also the longest bull market in the last 90 years. Picture source: The Wall Street Journal

S&P 500 Valuation

S&P 500 Valuation This chart shows that the S&P 500 is in a trading range rather than in a bearish or bullish market trend, for more than 20 months. Picture source: Fidelity Investments

Dow Jones Transportation Average vs. S&P 500

Dow Jones Transportation Average vs. S&P 500 This interesting chart suggests that the Dow Jones Transportation Average underperforms in secular bull markets. Actually, the S&P 500 had higher returns when the Dow Jones Transportation Average experienced negative momentum. Picture source: Oppenheimer & Co.

Margin Debt and S&P 500

Margin Debt and S&P 500 This chart shows that margin debt has not recovered from last December’s lows, while the stock market has risen sharply.Usually, it is mostly bullish for stocks, because investors are still fearful. Picture source: Yardeni Research, Inc.