The altitude in U.S. stocks this week added a new credential to the bull market: third-strongest ever.
While the Samp;P 500 index’s rally has stalled just shy of 2,500, it is sitting a hefty 269 percent higher than its March, 2009, nadir, surpassing the 266-per-cent advance notched throughout the 1949-56 bull market, data accumulated by Samp;P Dow Jones Indices and Bloomberg show.
While the size of profits may overtake concern among investors that are currently on watch for a protracted pullback, the progress seems less impressive when measured by annualized yields. In actuality, this one has become the fourth weakest by that step from 13 cycles, with a profit of about 17 percent annually.
The main reason is length — at 8 1/2 decades, the bull market is already the second-longest ever, trailing only the 1990-2000 run during the dot-com era.