{"id":193650,"date":"2021-03-04T04:20:00","date_gmt":"2021-03-04T01:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-the-sp-500s-bull-market-run-probably-is-only-getting-started\/"},"modified":"2021-03-04T04:20:00","modified_gmt":"2021-03-04T01:20:00","slug":"why-the-sp-500s-bull-market-run-probably-is-only-getting-started","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-the-sp-500s-bull-market-run-probably-is-only-getting-started\/","title":{"rendered":"#\n  Why the S&#038;P 500\u2019s bull-market run probably is only getting started"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6aefa5f16275c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6aefa5f16275c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-sp-500s-bull-market-run-probably-is-only-getting-started\/#Todays_S_P_500_bull_market_is_too_short_skimpy_in_returns_department\" >Today&#8217;s S&amp;P 500 bull market is too short, skimpy in returns department.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-sp-500s-bull-market-run-probably-is-only-getting-started\/#Stocks_bond_yields_climb_together\" >Stocks, bond yields climb together.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-sp-500s-bull-market-run-probably-is-only-getting-started\/#Joy_Wiltermuth\" >Joy Wiltermuth<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Why the S&amp;P 500\u2019s bull-market run probably is only getting started<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000186929\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       It\u2019s been a year since the pandemic first blindsided the U.S., turning many jobs, forms of schooling and ways of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>izing into stay-at-home events.<\/p>\n<p> But it\u2019s only about 11 months since the new bull market for the S&amp;P 500 started.<\/p>\n<p>That\u2019s one of two key reasons why analysts at Truist Wealth think a sustained upswing for the S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-1.31%<\/bg-quote><br \/>\n       still has room to run. <\/p>\n<div class=\"paywall\">\n       This chart shows that the S&amp;P 500\u2019s current bull-market run may be both too short-lived and too limited, in terms of price gains, to be over anytime soon, at least if the past six decades of performance <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly during a pandemic.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:71.953125%;\" data-mobile-ratio=\"71.953125%\" data-layout-ratio=\"71.953125%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-307081?width=140&amp;size=1.3897937024972855 140w,\nhttps:\/\/images.mktw.net\/im-307081?width=540&amp;size=1.3897937024972855 540w,\nhttps:\/\/images.mktw.net\/im-307081?width=620&amp;size=1.3897937024972855 620w,\nhttps:\/\/images.mktw.net\/im-307081?width=700&amp;size=1.3897937024972855 700w,\nhttps:\/\/images.mktw.net\/im-307081?width=860&amp;size=1.3897937024972855 860w,\nhttps:\/\/images.mktw.net\/im-307081?width=1260&amp;size=1.3897937024972855 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-307081?width=620&amp;size=1.3897937024972855\" data-enlarge=\"https:\/\/images.mktw.net\/im-307081?width=1260&amp;size=1.3897937024972855\" alt=\"\" title=\"Today's S&amp;amp;P 500 bull market is too short, skimpy in returns department.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Todays_S_P_500_bull_market_is_too_short_skimpy_in_returns_department\"><\/span>Today&#8217;s S&amp;P 500 bull market is too short, skimpy in returns department.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Truist Wealth<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       The bars show that the average S&amp;P 500 bull market since 1957, when the benchmark was first introduced, resulted in price gains of 179% and that the good times lasted 5.8 years on average, which compares with today\u2019s return of 76% for the benchmark in less than a year.<\/p>\n<p>U.S. stocks began to swoon into correction territory some 12 months ago, after the coronavirus pandemic first began to cut off <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> and trade globally, a rocky period that was followed by the major U.S. equity benchmarks carving out fresh lows in late March.<\/p>\n<p>But after quickly recouping their losses in 2020, stocks this year have continued to touch a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of all-time highs, thanks in part to trillions of dollars\u2019 worth of fiscal and monetary stimulus that\u2019s been sloshing through the economy, as policy makers look to shore up households hit hard by the crisis and to keep confidence and liquidity running high on Wall Street. <\/p>\n<p>More recently, those same forces also have sparked concerns that the good times, post-COVID, might already be fully baked into stock prices and other financial assets, and that high-flying equities and riskier parts of the debt market could be headed for trouble if runaway inflation takes hold, or borrowing costs for companies and consumers get too high. <\/p>\n<p>The S&amp;P 500, Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.39%<\/bg-quote><br \/>\n       and Nasdaq Composite Index<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"negative\">-2.70%<\/bg-quote><br \/>\n       were hit by volatile patches last week, as the 10-year Treasury<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.486%<\/bg-quote><br \/>\n       yield spiked, and again on Wednesday when yields on the benchmark bond were spotted about 1% higher from a year prior, or near 1.47%. <\/p>\n<p>All three major stock indexes closed lower Wednesday for a second day in a row, as bond yields climbed and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> stocks again came under selling pressure.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>Related<\/strong>: Cathie Wood\u2019s highflying ARK ETF just entered a bear market \u2014 a sign of the times?<\/p>\n<p>So how does today\u2019s rise from a low-rate environment compare with the \u201950s?<\/p>\n<p>Truist analysts also have a chart showing that the S&amp;P 500 and 10-year Treasury yields rates rose in concert during the 1950s.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:83.82812500000001%;\" data-mobile-ratio=\"83.82812500000001%\" data-layout-ratio=\"83.82812500000001%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-307106?width=140&amp;size=1.1929170549860204 140w,\nhttps:\/\/images.mktw.net\/im-307106?width=540&amp;size=1.1929170549860204 540w,\nhttps:\/\/images.mktw.net\/im-307106?width=620&amp;size=1.1929170549860204 620w,\nhttps:\/\/images.mktw.net\/im-307106?width=700&amp;size=1.1929170549860204 700w,\nhttps:\/\/images.mktw.net\/im-307106?width=860&amp;size=1.1929170549860204 860w,\nhttps:\/\/images.mktw.net\/im-307106?width=1260&amp;size=1.1929170549860204 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-307106?width=620&amp;size=1.1929170549860204\" data-enlarge=\"https:\/\/images.mktw.net\/im-307106?width=1260&amp;size=1.1929170549860204\" alt=\"\" title=\"Stocks, bond yields climb together.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Stocks_bond_yields_climb_together\"><\/span>Stocks, bond yields climb together.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Truist<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       \u201cWhile there are many differences between the 1950s and today, there were some similarities, such as very high U.S. debt levels as a result of the war, an activist Fed and a postwar boom in the economy,\u201d wrote Keith Lerner, chief market strategist at Truist, in a Wednesday note. \u201cInterest rates rose from 1.5% at the beginning of the decade to nearly 5% by the end. During the decade, despite two recessions, the S&amp;P 500 rose 257% based on price and 487% on a total return basis.\u201d<\/p>\n<p>This time around, Federal Reserve officials also has repeatedly vowed to avoid tightening monetary conditions, while keeping policy rates near zero and its $120 billion-per-month bond-buying program open until the economy fully recovers from the pandemic.<\/p>\n<p>And yield-starved bond investors have welcomed the rush among highly rated companies this week to borrow, amid the prospects of higher borrowering costs.<\/p>\n<p><strong>See: <\/strong>Companies race to borrow after last week\u2019s extreme rates spike hits calm patch<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Joy Wiltermuth\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Joy_Wiltermuth\"><\/span>Joy Wiltermuth<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D2DA3185A48C%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Why the S&amp;P 500\u2019s bull-market run probably is only getting started &#8221; It\u2019s been a year since the pandemic first blindsided the U.S., turning many jobs, forms of schooling and ways of socializing into stay-at-home events. But it\u2019s only about 11 months since the new bull market for the S&amp;P 500 started. That\u2019s one&#8230;<\/p>\n","protected":false},"author":1,"featured_media":193651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-193650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/193650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=193650"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/193650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/193651"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=193650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=193650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=193650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}