Saturday, October 12 officially marks the second anniversary of this bull market. It is hard to believe that only two years ago theclosed at 3,577 as investors feared inflation was entrenched after wholesale inflation data unexpectedly ticked higher that day. Barron ran an article after the market closed titled, “Experts Say Disaster Could Be Near. Details Are Slim.
And roughly two years ago, it is clear a bull market was born. Since then, the S&P 500 has amassed a total return of 62% while registering 44 record highs. To say the rally grew on skepticism is an understatement.
Based on this backdrop, LPL’s Strategic and Tactical Asset Allocation Committee maintains a neutral stance on equities. For more on our STAAC views and insight into the second anniversary of the bull market, check out LPL Research’s upcomingScan QR code to install app