It’s been almost 10 years since this bull market began. What an incredible run. Despite all the doom-and-gloom news reports, this bull market has been impressive.
The Dow and Nasdaq are up 9 weeks in a row when you compare this week’s close to the previous week’s close, while the S&P is up 9 weeks in a row when you compare this week’s close to this week’s open.
1998 saw a rapid stock market crash, a retest (something we have yet to see today), followed by a massive nonstop rally. Everyone at the time thought that the 1998 crash was the start of a much bigger crash.
As the S&P 500 stalls at its 200 day moving average, recession probabilities are rising according to the New York Fed. Let’s look at what this means for the stock market.
Latest Comments