This is the longest bull market in US equity history dating back to 1945. The six year run-up in the S&P500 since March 2009 has been truly remarkable, having only been exceeded in price performance terms by the 1929 and 1999 bull markets. It is now also more than 800 days since we experienced even a 10% correction. While such strength and resilience is typically applauded, such exceptional markets rarely end well.
Andrew Lapthorne and the SocGen Quant Strategy team try to forecast its demise…