FYI: Why has the upswing in the United States stock market lasted for so long?
The simple answer: The economy and corporate profits have been growing for most of the current bull market.
But this rally has had drivers not fully appreciated, perhaps because of a dearth of enthusiasm surrounding its rise. The current bull market occurred in the aftermath of the 2008 financial crisis, a period in which the economy trudged, household incomes only nudged higher, and stock market gains mostly went to the rich.
Still, the Standard & Poor’s 500 stock index is up by 324 percent over nearly nine and a half years. Some things clearly went right. Here are three factors that didn’t get the attention they perhaps deserve.
Regards,
Ted
https://www.nytimes.com/2018/08/23/business/dealbook/bull-market-stealth-drivers.html
