Traders on the floor of the New York Stock Exchange on March 4, 2019. Wall Street's bull market celebrated its 10th anniversary Saturday, the longest since World War II.
They were right, and what a snap-back it proved to be, as stock prices then took off in what eventually would become a record long-term rally. Many of those head winds have occurred in just the last few months, after the market reached record highs. They included the Federal Reserve’s raising of interest rates last fall, the escalating U.S. trade battle with China that lifted tariffs on both sides, fears that the nine-year U.S. economic expansion was about to end and a surge in market volatility, with the Dow swinging by hundreds of points each way in a single session.
Why has this bull lasted so long? Analysts point to three main reasons: Interest rates have remained low during the last 10 years, inflation has remained subdued and the economy and corporate profits have kept growing. With the economy growing again, the central bank has been shrinking its bond portfolio and lifting short-term rates. Some analysts suggested those moves have contributed to the market’s recent volatility, such as in December when stocks tumbled and the S&P 500 dropped 9.2% for the month.
Congratulations! 👏
and who was president when the bull market started? OBAMA...but trump will say he was...
Thank you, Obama.
Thank you President Trump!!
22 - 18 trillion equals GDP...? (Who’s Market...?)
Thanks Obama!
And yet the poor are still poor. Imagine that.
Congratulations to the tiny number of Americans who were born into inherited wealth, who continue to bulldoze working class lives with no repercussions! U-S-A! U-S-A! Reagan promised it would trickle down almost 40 years ago! Any day now!
What a coincidence. That was 1 year after the financial institution bailouts.
But I thought Donald Trump made the Stockmarket?