Jeff Kleintop of LPL Financial reveals the current bull market for US stocks to be the strongest since WWII in a great chart, and lays out the litany of negatives that have conspired against it (and have so far been vanquished):
The S&P 500 has continued the strongest bull market since WWII [Figure 1] despite all the shots fired at the market this year:
- Fiscal cliff tax increases;
- Sequester spending cuts;
- High oil prices;
- Italian election debacle;
- Cyprus bank bailout;
- Weakening Chinese economic growth;
- Federal Reserve communicating the intention to end quantitative easing (QE);
- Downward revisions to earnings growth estimates;
- Rising interest rates;
- A rise in geopolitical risk from North Korea, Egypt, and Syria; and
- Bouts of defensive sector market leadership and weak trading volume.
![strongest bull](http://thereformedbroker.com/wp-content/uploads/2013/07/strongest-bull-1024x546.png)
The chief strategist makes the point that there are no shortage of negatives lying in wait for the markets in the second half – but that so long as economic growth tracks above 2% these negatives should merely offer buying opportunities for long-term investors.
Follow Jeff on Twitter @JeffreyKleintop
(assume every disclaimer under the sun applies, past performance, indexes aren’t investable, don’t walk beneath ladders, etc)
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