The $20 Trillion Stock Bull Run Isn’t All It’s Cracked Up To Be
- It’s the longest in history, but now also the second slowest
- Peak-to-peak gain short of cycles seen in 1956, 1987 and 2000
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You know the bull market’s the longest on record, and the $20 trillion it has added to share values is the most ever. But did you know it ranks second-to-last when it comes to a yardstick investors care even more about?
At 18 percent a year since March 2009, the S&P 500’s return including dividends trails all but one of the 12 bull runs since the Great Depression. In fact, along with the 2002-2007 advance, it’s one of only two cycles that hasn’t scored annualized returns of 20 percent or more.