Economic Kryptonite

Source: American Consequences
by Kim Iskyan

“Quick, what’s the longest bull market in U.S. market history? You might think it’s the S&P 500’s 401% move from March 2009 to February 2020, bookended by the 2008 to 2009 global financial crisis and the early days of the COVID-19 pandemic. Or the seven-year rally that started in June 1949, as the U.S. got into the groove of dominating the world, making babies, and laying the foundation of the infrastructure we’re still using today, and returned 266%. And don’t forget the 417% move over about nine years that started in October 1990, coinciding with the (first) tech boom. … But you’d be wrong. Depending on who’s doing the measuring, those are in the top five bull markets (No. 1 is the bull market that ended last February), for the U.S. stock market. But the longest bull market ever? That’s in U.S. government bonds.” (11/15/21)