The Second Year Of The Bull Market Begins
The bear market ended one year ago this week, finishing one of the fastest and most vicious bear markets of all-time—one that led to a drawdown of 34%. Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace. We take a look back at what happened last March, while also examining how previous bull markets did during the second year of their existence. "This bull market is off to an amazing start," says Ryan Detrick, CMT, Chief Market Strategist, LPL Financial, "but it is important to remember it is still young." Read more.