March 9, 2018

9 facts about the nine-year old bull run in U.S. stocks

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The U.S. equity bull market turns nine years old this month and keeps on charging despite recent losses. While future gains may be harder to come by, strong corporate fundamentals and solid economic growth suggest there may be more room to run just yet.

Here are nine facts and figures behind one of the longest, most profitable equity rallies in U.S. history.

Date the current bull run needs to reach to become the longest in S&P 500 history.

The S&P 500’s cumulative return since March 9, 2009, the first day of the current bull market. The gain represents the 3rd best performing bull market since the index’s inception in 1928.

The S&P 500’s current run is the second longest for the index, trailing the bull between December 4, 1987 and March 24, 2000, (4,494 days).
The S&P 500’s cumulative return (in USD) is 213.8% higher than the S&P/TSX Composite Index since March 9, 2009. It has also outperformed the Nikkei in Japan (143.05% net positive) and Stoxx in Europe (216.44% net positive).
Ten stocks (of the more than 700 companies listed at some point during this run) have accounted for nearly one-fifth of the S&P 500’s increase in market capitalization since March 9, 2009.

There are 60 “tenbagger” stocks currently listed on the S&P 500 that have increased in share value at least ten times (or by more than 900%) since the beginning of the bull market.

Largest correction during the current bull market, occurring between April 29, 2010 and July 2, 2010.

Peak level for CBOE Volatility Index (VIX) during the financial crisis: 80.9.
Average level for the VIX during the bull market: 18.1

88.6% of stocks listed on the S&P 500 (past and present) have gained share value during the current bull market versus 11.4% of stocks that have lost it.
Source: Bloomberg LP., Bespoke Investment Group. All performance-related data calculated through March 1, 2018.
Commentaries contained herein are provided as a general source of information based on information available as of March 9, 2018 and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and the manager accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Investors are expected to obtain professional investment advice.