The Carson Group said historical bull market records suggest stocks are likely to rise further from here. Some other investors wonder whether the bull has the momentum to keep going. The current bull market turns two years old this week (the S&P 500 bottomed on October 12, 2022). However, it’s not an easy birthday – rising tensions in the Middle East and worries about rising yields are weighing on stocks so far in October. Despite Tuesday’s nice gains, the benchmark is still in the red for the month. But if history is any indication, concerns that the current rally could turn into a full-blown bear market may be unfounded. Carson Group’s analysis of S&P 500 data shows that the current bull market is still only the second youngest of 12 bull markets since 1950. It’s actually very young,” said Ryan Detrick, chief market strategist at Carson Group. Kevin Gordon, senior investment strategist at Charles Schwab, agreed with Detrick’s assessment, adding that in addition to earnings growth, strong revenue growth is the current upside driver. However, Gordon noted that on average, post-recession bull markets last longer, while the current bull market does not. “If you just use that as a guide, history will be consistent with the current rally, just a little bit short-lived,” he told CNBC. Other investors are less optimistic, especially since it’s an election year and which candidates Being able to win the presidency of the United States still seems to be a coin toss game. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, believes the bull market can last three to six months at most. “Whoever comes to power is going to have a huge problem with the total national debt that neither candidate has a solution for,” he told CNBC. “My expectation is that the bond market will be largely tolerant until the election. That scenario, but once a new president takes office, the bond market will again question whether the deficit is sustainable. I see the 10-year and 30-year scenarios – yields rising significantly, which will be a headwind for the stock market.
The bull market is approaching its second anniversary. History suggests it should continue, but some investors are cautious | Real Time Headlines
RELATED ARTICLES