Picture what you were doing on January 1st of 2019. Maybe you were getting an early start on your fitness goals for the year. Maybe you were up early, ready to take in some New Year’s day football. Maybe you were in bed all day nursing a hangover.
If I were to ask you what you thought the stock market would do in 2019, what would you have said?
Would you have guessed that 2019 was the year that the 10-year bull market finally came to and end? Would you have said you had no idea?
What I’m guessing you wouldn’t have said was that the S&P 500 would be up 30% on the year, tossing market bears aside like leftover confetti from the night before. At least I wouldn’t have.
Yet here we are, about one year later, and that’s exactly what happened. And not only did the S&P climb 30% on the year, it did so in extremely steady fashion. This was true in the fourth quarter of 2019, just as it was in the first three.
Could this be the year that the bull market wanes? Read on for more details and background.