The stock market's long bull run got a new lease on life after December's wipe out and could now carry on for an eleventh year, as long as an economic recession does not materialize.
The stock market's long bull run got a new lease on life after December's wipeout and could now carry on for an eleventh year, as long as an economic recession does not materialize. March 6, 2009 was the day the S&P 500 plunged to its financial crisis intra-day low of 666. Nearly 10 years later it's regained 313 percent and is the longest running bull market in history.
"The sell-off created some real value, and the other key thing, probably the most important thing is the Fed went from potentially being our enemy, which was going to raise rates until something broke," said Ed Keon, chief investment strategist at QMA. Now the Fed is saying it will pause, and has also shown a willingness to end the roll down of its balance sheet, he said.
Emanuel said the signs of progress on the trade talks has been helping risk assets."There's going to be a deal. There's going to be a promise of further talks. It's going to keep going. It's going to stabilize things as well. You're seeing it in the Chinese equity market. You're seeing it in the Chinese currency market.
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