What a difference eight years makes.
On March 9, 2009, the S&P 500 reached 676.53, its lowest point in the financial crisis. Today, the index is comfortably over 2,300 with many analysts expecting a continued bull run into the future.
Yet an eight-year bull market is in itself extraordinary, says Omar Aguilar.
“The average bull market cycle runs from three to five years, this one is remarkable in that it has been extended to eight years,” says Aguilar, senior vice president and CIO for equities and multi-asset strategies at Charles Schwab Investment Management.