Strongest Bull Market Since WWII
The current bull market that began in March 2009 is the strongest bull market recorded by the S&P 500 since the end of World War II (see green line in chart above).
The market has accomplished this achievement despite a litany of negatives,
- 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.
Chart o’ the Day: Strongest Bull Market In 65 Years
What’s Powering the Strongest Bull Market Since WWII?