This is certainly one
of the longest bull markets without a meaningful correction in modern history.
Not exact matches
Although the bullish bias
of the past two months has presented some great opportunities for momentum swing traders, no
bull market moves straight up
without eventually undergoing substantial corrections along the way (just as bear
markets don't fall straight down for too
long without large, counter-trend bounces).
However, the age
of this
bull market does suggest risks are rising, and that to expect it to last much
longer without a cyclical downturn would be stretching historical probability.
However, there are greater drivers
of burgeoning state pension debts, such as the state legislature's
long history
of underinvesting in the pension fund as well as increasing benefits during
bull markets without ensuring
long - term solvency.
With yields low and the
bull market in global equities
long in the tooth, advisors and institutions need new ways to seek income, risk - reduction
without triggering capital gains liabilities, as well as, new potential sources
of alpha and return.