What is driving the bull market in US stocks and how long will it run?

With a number of supporting factors, there is every expectation that the bull run in US equities will continue for the foreseeable future. 

 

Dhaval Joshi from BCA Research tells IG there may be bumps in the road, but the rally remains intact - until there is a reversal. What causes that reversal is likely to be one of three factors. First is that we start to see extreme valuations calculated by multiplying the long bond yield by profits. The second is if the 30-year yield were to rise ‘substantially’ and, finally, if profits were to drop dramatically and there is still no evidence that profits are going to retrench.

 

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.

 

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