I have to admit that I had not expected the tenth anniversary of this bull market to have come and gone without much fanfare. Yes, there was a celebration — after all, the 10-year bull market is the longest since World War II, and the S&P 500 is up more than 300% — but it wasn’t as omnipresent as I had anticipated. Instead, investors have been reveling in another, albeit related milestone — the market recovery from the fourth-quarter 2018 selloff in the strongest three-month performance since the third quarter of 2009. This strength has helped the market to recover… Read More
I have to admit that I had not expected the tenth anniversary of this bull market to have come and gone without much fanfare. Yes, there was a celebration — after all, the 10-year bull market is the longest since World War II, and the S&P 500 is up more than 300% — but it wasn’t as omnipresent as I had anticipated. Instead, investors have been reveling in another, albeit related milestone — the market recovery from the fourth-quarter 2018 selloff in the strongest three-month performance since the third quarter of 2009. This strength has helped the market to recover much of the fourth-quarter losses and, as a result, post strong positive year-over-year returns. One-Year Sector Performance (As of March 31) Source: S&P Global Market Intelligence Nearly every corner of the market has turned a strong performance over the past year. The market, as represented by the S&P 500, is up 7.3% year-over-year — helped, without a doubt, by the first-quarter rally. But even as every single market sector turned out a positive performance in the first quarter of 2019, some — such as energy, materials and financials — are still down compared with a year ago. Let’s… Read More