S&P 500 Propped Up by Just 2 Sectors Shows Bull Market Aging
Signs There Is Fatigue in the Bull Market
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U.S. equities are being pushed along by the fewest stocks in more than 15 years, a sign of fatigue in a bull market that already rivals anything since World War II in duration.
More than 100 percent of this year’s increase in the Standard & Poor’s 500 Index is attributable to two sectors, health-care and retail. That’s the tightest clustering for an advancing year since at least 2000, data compiled by Bloomberg show.