Bull Market Hits a Milestone: 3,453 Days. Most Americans Aren’t at the Party.
It ranks among the great booms in American market history. The Standard & Poor’s 500-stock index has soared more than 320 percent since emerging from the rubble of the financial crisis in March 2009, creating more than $18 trillion in wealth.
Longest-Ever Bull Market Raises Concerns
Happy birthday to the current bull market! Turning 3,453 days old today and becoming the longest bull run in history! This comes a day after the S&P 500 hit a record intraday high, with a host of stocks in the index hitting 52-week highs.
Investing
Many index funds and exchange-traded funds attempt to replicate (before fees and expenses) the performance of the S&P 500 by holding the same stocks as the index, in the same proportions. Many other mutual funds are benchmarked to the S&P 500. Consequently, a company whose stock is added to the list of S&P 500 stocks may see its stock price rise, as index funds must purchase that company's stock in order to continue tracking the S&P 500 index. Mutual fund managers provide index funds that track the S&P 500, the first of which was The Vanguard Group's Vanguard 500 in 1976.
In addition to investing in a mutual fund indexed to the S&P 500, investors may also purchase shares of an exchange-traded fund (ETF) which represents ownership in a portfolio of the equity securities that comprise the Standard & Poor's 500 Index. These exchange-traded funds track the S&P 500 index and may be used to trade the index.
Investors may also invest in all the stocks of the S&P 500 directly, which is usually called index replication.
In the derivatives market, the Chicago Mercantile Exchange (CME) offers futures contracts (ticker symbols /SP for the full-sized contract and /ES for the E-mini contract that is one-fifth the size of /SP) that track the index and trade on the exchange floor in an open outcry auction, or on CME's Globex platform, and are the exchange's most popular product. Additionally, the Chicago Board Options Exchange (CBOE) offers options on the S&P 500 as well as S&P 500 ETFs, inverse ETFs and leveraged ETFs.
I can help you!
But the gains "Longest bull market in history" haven’t been spread among the masses. Stock market wealth is heavily concentrated among the richest families.
As Independent Wealth Managers, we are able to offer a wide range of products and services to meet individual requirements.
When making investment decisions, it is most important to understand where your money is being invested. We will only invest in “AAA” rated jurisdictions, with some of the oldest and largest International companies in the world.
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