The S&P 500 from the 1950, 1980 and 2013 Secular Bull Market Breakout Points Should investors expect the S&P 500 to hit 4600-4900 into late 2021 to early 2022? Image: BofA Global Research Click the Image to Enlarge
S&P 500 Index Bull Markets after the Trough After a historic rally of 89% for the S&P 500, the current bull market is still tracking the bull market of 2009. Image: LPL Research
Bull Market – S&P 500 Index Performance Following >30% Bear Market Bottoms Historically, the S&P 500 has been up the second year of a new bull market every single time. Image: LPL Research
S&P 500 Index Bull Markets (Since WWII) The First Year and the Second Year Historically, the S&P 500 Index tends to add gains in year two of bull markets. Image: LPL Research
Bull Market – U.S. 10-Year Treasury Yield Is the 40-year bull market in U.S. Treasury bonds over? Image: Financial Times
Bull Market – U.S. Real GDP Growth vs. Real U.S. 10-Year Yields The equity bull market should continue until real bond yields are much closer to real GDP growth. Image: J.P. Morgan
Bull Market – S&P 500 and Margin Debt A new high for margin debt suggests a continued bull market. Image: BofA Global Research
Bull Market – IG + Tech Fund Flows and S&P 500 What will end the current bull market? Image: BofA Global Investment Strategy
Bull Market Analogs – Cap-Weighted S&P 500 vs. Equal-Weighted S&P 500 Since the March low, the cap-weighted S&P 500 is up 65% and the equal-weighted S&P 500 is up 76%. That’s good news for stocks, as investors are more confident about the economy. Image: Fidelity Investments
S&P 500 Bull Market Rally – 1929 vs. 2020 Should investors expect a market similar to that of 1929 going forward? Image: BofA Global Investment Strategy